Texas Instruments cutting 1,100 jobs; 4Q profit up

Published on NewsOK Modified: January 21, 2014 at 5:20 pm •  Published: January 21, 2014

Revenue rose to $3.03 billion from $2.98 billion. That beat the $2.99 billion expected by analysts polled by FactSet.

For the first quarter, the company said it expects revenue between $2.83 billion and $3.07 billion and earnings per share of 36 cents to 44 cents including restructuring charges of about $30 million. Analysts were looking for first-quarter earnings per share of 44 cents on revenue of $2.95 billion.

Shares slipped 10 cents to $43.75 in after-hours trading. The stock closed regular trading up 40 cents at $43.85, and is up 31 percent over the past 12 months.

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