January 23, 2018 / 9:11 PM / a month ago

Texas Instruments' profit dips 67 pct on tax expense

Jan 23 (Reuters) - Chipmaker Texas Instruments Inc’s fourth-quarter profit slumped about 67 percent due to tax-related expenses resulting from new U.S. tax laws.

The Dallas-based company said on Tuesday its net income fell to $344 million or 34 cents per share in the quarter ended Dec. 31, from $1.05 billion or $1.02 per share, a year earlier.

Net revenue rose to $3.75 billion from $3.41 billion. (Reporting by Munsif Vengattil in Bengaluru; editing by Sai Sachin Ravikumar)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below