Investing.com - Texas Instruments (NASDAQ:TXN) reported fourth quarter earnings that beat analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.26 on revenue of $3.72B. Analysts polled by Investing.com anticipated EPS of $1.24 on revenue of $3.75B. That compared to EPS of $1.09 on revenue of $3.75B in the same period a year earlier. The company had reported EPS of $1.58 on revenue of $4.26B in the previous quarter.
Texas Instruments shares lost 0.02% to trade at $95.47 in after-hours trade following the report.
For the year, Texas Instruments shares are up 1.05%, under-performing the S&P Global (NYSE:SPGI) 100 which is up 3.56% year to date.
Texas Instruments follows other major Technology sector earnings this month
On Thursday, January 17, 2019, Taiwan Semiconductor reported fourth quarter EPS of $0.63 on revenue of $9.4B, compared to forecasts of EPS of $0.62 on revenue of $9.36B.
IBM earnings beat analyst's expectations on Tuesday, with fourth quarter EPS of $4.87 on revenue of $21.76B. Investing.com analysts expected EPS of $4.82 on revenue of $21.75B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar