Texas Instruments (TXN) Shares Up 2% on Q4 Beat and Raise

Texas Instruments (NASDAQ: TXN) shares were trading around 2% higher after-hours following the company’s strong Q4 results, with EPS of $2.27 coming in above the consensus estimate of $1.94.

Q4 revenue increased 19% year-over-year to $4.83 billion, compared to the consensus estimate of $4.43 billion. According to Rich Templeton, the company’s chairman, president and CEO, the quarterly revenue growth was driven by strong demand in industrial and automotive markets. Analog and Embedded Processing revenues increased 20% and 6% year-over-year, respectively.

The company provided its Q1/22 outlook, expecting an EPS of $2.01-$2.29, compared to the Street estimate of $1.90, and revenue of $4.5-4.9 billion, compared to the Street estimate of $4.36 billion.

The company returned $4.4 billion to owners in 2021 through dividends and stock repurchases.

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