Texas Instruments Inc.'s Q4, Outlook In Line With Street Views

Texas Instruments Inc.

posted fourth-quarter results and an outlook in line with Wall Street's expectations. The Dallas-based chip maker was little changed in the after-hours session, trading recently at $54.95 a share. The company predicted first-quarter earnings between $0.57 cents and $0.67 cents a share, on revenue between $3.07 billion and $3.33 billion. Wall Street expects earnings for the period of $0.63 cents a share on revenue of $3.19 billion. For the fourth quarter, earnings grew 61 percent to $825 million, or $0.76 cents a share, from year-earlier profit of $511 million, or $0.46 cents a share. Revenue grew 8 percent to $3.27 billion, from $3.03 billion last year. Earnings included $0.07 cents a share from non-recurring items in the recent period. Analysts expected fourth-quarter earnings of $0.69 cents a share on revenue of $3.26 billion. Free cash flow for all of 2014 was up 18 percent from a year earlier to $3.5 billion or 27 percent of revenue.