Texas Instruments Q4 Profit Rises - Quick Facts

(RTTNews) - Texas Instruments Inc. (TXN) Tuesday reported fourth-quarter net income of $511 million or $0.46 per share, up from $264 million or $0.23 per share last year.

Revenues for the quarter surged 92 percent to $3.03 billion from $2.98 billion last year.

Analysts polled by Thomson Reuters expected fourth-quarter earnings of $0.46 per share on revenues of $2.99 billion. Analysts' estimates typically exclude one-time items.

For the first quarter, the company expects revenue in the range of $2.83 billion to $3.07 billion and earnings per share between $0.36 and $0.44. Analysts currently estimate earnings of $0.44 per share and revenues of $2.95 billion for the quarter.