Bear of the Day: Texas Instruments (TXN)

Texas Instruments ((TXN) dropped to the cellar of the Zacks Rank after reporting Q4 revenues and profits that told the continuing tale of stagnation for the key provider to legacy semiconductor and electronics markets.Earnings of $1.49 per share surpassed the Zacks Consensus Estimate by 2%, which was within the guided range of $1.35-$1.57.However, the figure declined 30% year over year and 19.5% sequentially.TXN reported revenues of $4.08 billion, which lagged the Zacks Consensus Estimate of $4.11 billion. ...