Home » Uncategorized » Texas Instruments profit rises but are cautious on outlook
Image_42057_tmimage.jpg

Texas Instruments profit rises but are cautious on outlook

On Monday Texas Instruments Inc., announced that its profit for the 4th quarter rose by 34% due to strong demand of chips for mobile phones and other electronic devices but at the same time was cautious about its outlook for the first quarter of this year.

TI which is the largest chip maker for mobile phones said that it earned $655 million, or 40 cents per share, up from $490 million, or 28 cents per share, a year earlier.

The results include the $17 million or three cents per share for stock-based compensation, which analysts typically exclude from their forecasts. According to a Thomson Financial survey, analysts were expecting TI to earn 42 cents per share in the October-December period.

The revenue of TI rose to $3.59 billion from $3.15 billion a year ago, whereas analysts forecasted sales of $3.64 billion. Furthermore, TI also announced that its directors have approved a $5 billion stock buyback.

For the year 2005, TI earned $2.32 billion or $1.39 per share, on revenue of $13.39 billion, compared to earnings of $1.86 billion or $1.05 per share on sales of $12.58 billion in 2004.

Before the release of the results, TI shares rose four cents to close at $31.70 on the New York Stock Exchange but in after-hours trading, it dropped 85 cents to close at $30.85.

About Ritwik Sinha

Check Also

wii-oculus-rift-hoverboard

Try Oculus Rift And Wii To Roam Around On The Back To The Future Hoverboard

Check out how you can fly in virtual space by using an Oculus Rift and a Wii Balance Board.

131129-amz

Amazon Appstore for Android Holiday Deals, Including Free Apps

There are tons of deals from the Amazon Appstore that will be offered starting now and throughout the holiday shopping season. They say that they will have "hundreds of titles that are eitehr free... or available between 50-90% off" the regular price.

131129-google

Black Friday: Google Play Store Apps, Games and Content on Sale All Weekend

Case in point, if you head over to the Google Play Store right now, you'll find that Google is celebrating all Cyber Weekend with discounts on all sorts of content. This includes many popular apps and games

131129-gtab

Black Friday Deal: Samsung Galaxy Tab 3 10.1-Inch for $100 Off

Did you manage to score any epic Black Friday deals this morning? Are you still ...

131128-diy

Arduino Co-Creator Releases Plans for $200 DIY Mobile Phone

Mellis was one of the people who came up with the now hugely popular Arduino platform and now he has come up with plans for people to build their own cell phone for about $200 in parts.

131128-apple

No Discounts for Apple Black Friday, Just Free Gift Cards

If you were hoping to save yourself some cash as you brave the Black Friday shopping crowds, you'll want to go somewhere other than the official Apple Stores.