Netease Technologies News, Jan. 24, according to foreign media reports, chip supplier Texas Instruments reported Wednesday local time that its fourth quarter revenue failed to meet Wall Street expectations due to slowing growth in the smartphone market and its poor performance in the Chinese market.
The company was also not optimistic about its quarterly sales and earnings prospects as of the end of March, but analysts said the overall performance was not as bad as feared, with its share price rising slightly by 1% in after-hours trading.
TIs total revenue fell 1% to $3.72 billion in the fourth quarter, below analystsaverage forecast of $3.74 billion. Net profit was $1.24 billion in the fourth quarter, compared with $344 million in the same period a year ago. This is due to the reduction of income tax.
Excluding one-off items, the company earned $1.27 a share in the fourth quarter, exceeding analystsestimates of $1.24. Texas Instruments expects revenue in the first quarter of this year to range from $3.34 billion to $3.62 billion, with earnings per share ranging from $103 to $1.21.
According to IBES data from Refinitiv, analysts had previously estimated Texas Instruments revenue of $3.59 billion and earnings per share of $1.20 in the first quarter of this year on average. (Tianmen Mountain)
Source: Responsible Editor of Netease Science and Technology Report: Wang Fengzhi_NT2541