Texas Instruments rockets 6% after Q4 results top estimates
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Texas Instruments (NASDAQ:TXN) shares soared in after-hours trading after the semiconductor giant said fourth-quarter earnings topped estimates.
The company earned $2.27 per share on $4.83 billion in revenue, compared to estimates of $1.94 per share and $4.4 billion in sales.

The company noted that revenue was aided by strength in both industrial and automotive markets, as analog revenue rose 20% and embedded processing rose 6% year-over-year.
Texas Instruments (TXN) shares are up more than 6% to $184.50 in after-hours trading.
For the first quarter, Texas Instruments said it expects revenue to be between $4.5 billion and $4.9 billion, with earnings between $2.01 and $2.229 per share, with an operating tax rate of about 14%.
Yesterday, Bank of America said Texas Instruments (TXN) capital markets day, set to be held next month, would overshadow the company's fourth-quarter results.