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Texas Instruments (TXN) Posts Q4 Earnings Beat, Analog Revenue Up 10%

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Texas Instruments (TXN - Free Report) just released its fourth-quarter fiscal 2016 earnings results, posting earnings of 88 cents per share and revenue of $3.414 billion. Currently, TXN is a Zacks Rank #3 (Hold), and is down 1.14% to $76.20 per share in trading shortly after its earnings report was released.                 

Beat earnings estimates. The company posted earnings of 88 cents per share, surpassing our Zacks Consensus Estimate of 81 cents. Thus number excludes 14 cents from non-recurring items.

Beat revenue estimates. The company saw revenue figures of $3.414 billion, beating our consensus estimate of $3.307 billion.

Gross margin for the quarter was 62.5%.

The company said that Analog revenue grew 10% and Embedded Processing grew 6%.

“Revenue increased 7 percent from the same quarter a year ago, as demand for our products remained strong in the automotive market. The improvement we saw in the third quarter for the industrial market continued. Demand in the personal electronics market was down slightly from a year ago,” said CEO Rich Templeton.

Here’s a graph that looks at Texas Instrument’s latest earnings performance:

Texas Instruments, Inc. is a global semiconductor company and one of the world's leading designers and suppliers of digital signal processors and analog integrated circuits. These two types of semiconductor products work together in digital electronic devices such as digital cellular phones.

Check back later for our full analysis on Texas Instruments’ latest earnings report!

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