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Benzinga
Benzinga
Business
Adam Eckert

Why Texas Instruments Stock Is Trading Higher Today

Texas Instruments Texas Instruments Inc

Texas Instruments Inc (NASDAQ:TXN) is trading higher Wednesday morning after the company announced better-than-expected fourth-quarter financial results and issued guidance above estimates.

Texas Instruments reported quarterly adjusted earnings of $2.27 per share, which beat the $1.94 estimate. The company reported quarterly revenue of $4.83 billion, which beat the estimate of $4.43 billion and represented a 19% increase year-over-year.

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