Texas Instruments Stock Slides as Earnings Forecast Underwhelms

Group 1 - Texas Instruments reported fourth-quarter revenue of $4.01 billion, a 2% decrease year-over-year, but above analyst consensus [1] - The company's net income for the fourth quarter was $1.21 billion, or $1.30 per share, down from $1.37 billion, or $1.49 per share, a year earlier, and also exceeded projections [1] - The earnings outlook for the first quarter is anticipated to be between 94 cents and $1.16 per share, which is below the $1.17 expected by analysts [2] Group 2 - Following the earnings report, shares of Texas Instruments fell nearly 4% in extended trading [2] - Despite the recent drop, shares had increased approximately 20% over the past year leading up to Thursday's close [2]