(Reuters) – Texas Instruments Inc forecast first-quarter revenue above Wall Street estimates on Tuesday, as remote learning and work keeps demand steady for its chips used in personal electronics, boosting its shares nearly 2% in extended trade.
TI said it expected first-quarter revenue in a range of $3.79 billion to $4.11 billion, above analysts’ expectations of $3.59 billion, according to IBES data from Refinitiv.
Net income rose to $1.69 billion, or $1.80 per share, in the fourth quarter ended Dec. 31, from $1.07 billion, or $1.12 per share, a year earlier.
Total revenue rose to $4.08 billion from $3.35 billion a year earlier, above Wall Street estimates of $3.6 billion.
(Reporting by Munsif Vengattil in Bengaluru; Editing by Vinay Dwivedi)
