Texas Instruments (TXN) reported better-than-expected Q4 profits but provided a disappointing earnings outlook, resulting in a post-earnings dip in share prices.
Key Highlights:
* Q4 revenue: $4.01 billion (-2% YoY)
* Net income: $1.21 billion (EPS: $1.30) (-12% YoY)
* Q1 EPS guidance: $0.94-$1.16 (below analyst consensus of $1.17)
Despite beating revenue and net income estimates, TXN's Q1 outlook missed expectations, leading to a nearly 4% decline in share prices after the report. Over the past year, TXN shares had risen approximately 20% until Thursday's close.