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Texas Instruments beats revenue estimate


Friday, January 24, 2020

Chipmaker Texas Instruments Inc beat quarterly revenue estimates on Wednesday and said most of its markets showed signs of stabilizing.

The company’s net income fell to $1.07 billion, or $1.12 per share, in the fourth quarter ended Dec. 31, from $1.24 billion, or $1.27 per share, a year earlier.

Revenue fell 10% to $3.35 billion, beating the average analyst estimate of $3.22 billion, according to IBES data from Refinitiv. (Reporting by Amal S in Bengaluru; Editing by Maju Samuel)

By: DocMemory
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