4:41pm 01/28/02 TI posts better than expected Q4 (TXN)
By Lisa SandersTexas Instruments reported a narrower than expected fourth-quarter loss as revenue from semiconductors resumed growth after three quarter of declines. Dallas-based TI (TXN) , which maintained its revenue and loss estimates issued at the end of the third quarter, posted a loss of 7 cents a share. In the third quarter of 2001, TI lost 7 cents a share. Excluding special items, analysts expected TI to lose an average of 9 cents a share in the quarter ending December 31. On an operating basis, TI lost 6 cents a share compared to a profit of 31 cents a share, a year ago. Analysts also expected revenue of $1.67 billion. TI said revenue came in at $1.8 billion, down from $1.9 billion sequentially and from $3.03 billion in the fourth quarter of 2000. TI shares closed at $28.40, up 95 cents, ahead of the announcement.
