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Stock Analyst Update

Texas Instruments Handily Beats the Street

Strong demand for wireless chips propelled fourth-quarter earnings.

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Texas Instruments (TXN) continues to cash in on the rapidly growing wireless industry.

Fourth-quarter earnings came in better than expected for Texas Instruments Monday evening. The company beat analyst estimates by $0.04 per share, or more than 8% better than expected, leading to earnings growth of 71% over the same quarter last year. For a company with more than $9 billion in revenues, sales also grew at a fairly rapid 26% pace compared to the fourth quarter of 1998.

Jeremy Lopez does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.