TI-Texas Instruments (TXN) Q4 Earnings Beat, Revenues Fall Y/Y

Texas Instruments (TXN) reported fourth-quarter 2023 earnings of $1.49 per share, surpassing the Zacks Consensus Estimate by 2.05%. Also, the figure was within the guided range of$ 1.35- $1.57.However, the figure declined 30% year over year and 19.5% sequentially.TXN reported revenues of$ 4.08 billion, which lagged the Zacks Consensus Estimate of $4.11 billion. The figure came within management’s guidance of$ 3.93-$4.27 billion.Revenues decreased 13% from the year-ago quarter’s level and 10% sequentially.The ...