By Maria Armental 
 

Texas Instruments Inc. reported a 19% quarterly revenue increase on strong demand in industrial and automotive.

Fourth-quarter profit rose to $2.14 billion from $1.69 billion a year earlier. On a per-share basis, profit was $2.27.

Revenue for the quarter rose to $4.83 billion from $4.08 billion a year earlier.

TI projected a profit of $1.83 to $2.07 a share and $4.22 billion to $4.58 billion in revenue; while analysts expected $1.95 a share and $4.43 billion in revenue.

TI ended the year at a profit of $7.77 billion on $18.34 billion in revenue, compared with a profit of $5.6 billion and $14.46 billion in revenue a year earlier.

 

Write to Maria Armental at maria.armental@wsj.com

 
 

(END) Dow Jones Newswires

January 25, 2022 16:21 ET (21:21 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
Texas Instruments (NASDAQ:TXN)
Historical Stock Chart
From Apr 2022 to May 2022 Click Here for more Texas Instruments Charts.
Texas Instruments (NASDAQ:TXN)
Historical Stock Chart
From May 2021 to May 2022 Click Here for more Texas Instruments Charts.