TI meets guidance, but projects flat quarter
Spencer Chin
EE Times
(01/23/2006 5:05 PM EST)
MANHASSET, N.Y. — Semiconductor supplier Texas Instruments Inc. posted fourth-quarter 2005 earnings of $655 million, or 40 cents per share on sales of $3.59 billion, compared with $490 million or 28 cents per share on sales of $3.15 billion in the year-ago quarter. The company met its mid-quarter guidance projecting sales of $3.56 to $3.7 billion and earnings of 38 to 40 cents per share.
Texas Instruments (Dallas) reported 3 percent sequential growth in its Semiconductor business to $3.23 billion. Capital expenditures of $346 million decreased $104 million sequentially, though rose $135 million from the year-ago quarter.
For 2005, the company reported net earnings of $2.32 billion, or $1.42 per share on sales of $13.39 billion, up from $1.86 billion, or $1.08 per share on sales of $12.58 billion. Full 2005 year capital expenditures were $1.33 billion, up $32 million from 2004.
Earlier this month, Texas Instruments agreed to sell its sensors and controls unit to Bain Capital LLC for $3 billion, confirming months of speculation.
For the first quarter of 2006, Texas Instruments projects sales of $3.1 to $3.38 billion, with earnings of 29 to 33 cents per share. Full 2006 year capital expenditures are projected at $1.3 billion with R&D expense of $2.2 billion.
|
