Texas Instruments beats quarterly revenue estimates on strong chip demand

BY Reuters
— 4:03 PM ET 01/25/2022

Jan 25 (Reuters) - Texas Instruments Inc (TXN) beat Wall Street expectations for fourth-quarter revenue on Tuesday, buoyed by strong demand for its chips from industrial and automotive markets.

Total revenue for the quarter stood at $4.83 billion, compared with analysts' average estimate of $4.43 billion, according to IBES data from Refinitiv.

(Reporting by Yuvraj Malik, Tiyashi Datta and Amruta Khandekar in Bengaluru; Editing by Vinay Dwivedi)

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