Texas Instruments: 4Q Earnings Snapshot

DALLAS (AP) _ Texas Instruments Inc. (TXN) on Wednesday reported fourth-quarter earnings of $1.24 billion.

On a per-share basis, the Dallas-based company said it had net income of $1.27.

The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.24 per share.

The chipmaker posted revenue of $3.72 billion in the period, missing Street forecasts. Nine analysts surveyed by Zacks expected $3.75 billion.

For the year, the company reported profit of $5.58 billion, or $5.59 per share. Revenue was reported as $15.78 billion.

For the current quarter ending in April, Texas Instruments said it expects revenue in the range of $3.34 billion to $3.62 billion. Analysts surveyed by Zacks had expected revenue of $4.01 billion.

Texas Instruments shares have risen 1 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed slightly more than 5 percent. In the final minutes of trading on Wednesday, shares hit $95.49, a decrease of 20 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TXN at https://www.zacks.com/ap/TXN