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poohboar
2022-01-26

Slow 🐢 and steady win the race

Texas Instruments beats quarterly revenue estimates on strong chip demand

Jan 25 (Reuters) - Texas Instruments Inc forecast current-quarter revenue above Wall Street estimate

Texas Instruments beats quarterly revenue estimates on strong chip demand

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·2022-01-28
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Analysts on average estimate revenue of $4.37 billion, according to IBES data from Refinitiv.</p><p>Texas Instruments fourth-quarter revenue rose 19% to $4.83 billion, topping analysts&#39; expectations of $4.43 billion, driven by strong demand in industrial and automotive markets.</p><p>Net income rose to $2.14 billion, or $2.27 per share, during the quarter ended Dec. 31, compared with $1.69 billion, or $1.80 per share, a year earlier.</p><p>Earlier this month, Taiwanese chip firm TSMC forecast multi-year growth on booming semiconductor demand and said it expects to lift capital spending to between $40 billion and $44 billion this year, compared with $30 billion it spent last year.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TXN":"德州仪器"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2206785561","content_text":"Jan 25 (Reuters) - Texas Instruments Inc forecast current-quarter revenue above Wall Street estimates on Tuesday, betting on strong demand for its chips used in cars, smartphones and laptops, sending its shares up 3.5% in extended trading.As demand for electronics including smartphones and consumer gadgets has risen faster than expected during the pandemic, semiconductor makers have doubled down on production, even as COVID-19 has hampered general operations and logistics.Texas Instruments analog and embedded processing chips are used in a range of products that cater to a broad market, lowering the risk from dependence on a single customer segment.The company said it expects first-quarter revenue between $4.5 billion and $4.9 billion. 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