Texas Instruments Stock Slides After-Hours - Here's Why
Texas Instruments Incorporated (NASDAQ: TXN) shares are trading lower in Tuesday's after-hours session after the company reported fourth-quarter financial results. Here's an overview of the company's performance.
What To Know: Texas Instruments reported quarterly earnings of $1.49 per share, squeezing above analyst expectations of $1.47, a 30.05% decrease over earnings of $2.13 per share from the same period last year.
The company reported quarterly sales of $4.08 billion, falling short of the analyst consensus of $4.12 billion, a 12.70% decrease over sales of $4.67 billion from the same period last year.
Cash flow from operations was $6.4 billion, while free cash flow was $1.3 billion for the trailing 12 months.
Texas Instruments sees first-quarter revenue between $3.45 billion and $3.75 billion, much lower versus the $4.06 billion estimate, while earnings are anticipated to be between 96 cents and $1.16 per share.
Haviv Ilan, TI's president and CEO, shed some light on the earnings report: "Revenue decreased 10% sequentially and 13% from the same quarter a year ago. During the quarter, we experienced increasing weakness across industrial and a sequential decline in automotive."
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TXN Price Action: Shares of Texas Instruments were down 3.61% at $168.04 in the after-hours session at the time of publication, according to Benzinga Pro.
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This article Texas Instruments Stock Slides After-Hours - Here's Why originally appeared on Benzinga.com
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