Texas Instruments (TXN) Tops Q4 EPS by 2c, Offers Q1 Guidance
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TI reports 4Q15 and 2015 financial results and shareholder returns
January 27, 2016 4:31 PM ESTDALLAS, Jan. 27, 2016 /PRNewswire/ -- Texas Instruments Incorporated (TI) (NASDAQ: TXN) today reported fourth-quarter revenue of $3.19 billion, net income of $836 million and earnings per share of 80 cents. Earnings per share included 9 cents for two items that were not in the company's prior guidance for the quarter.
Regarding the company's performance and returns to shareholders, Rich Templeton, TI's chairman, president and CEO, made the following comments:
"Revenue declined 2 percent from a year ago and was in line with our expectations, even though we experienced slowing demand within... More