Texas Instruments Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Texas Instruments (NASDAQ:TXN) will unveil its latest earnings tomorrow, Tuesday, January 22, 2013. Texas Instruments designs and makes semiconductors that it sells to electronics designers and manufacturers all over the world.

Texas Instruments Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 33 cents per share, a decline of 19.5% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 41 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 33 cents during the last month. Analysts are projecting profit to rise by 23.4% versus last year to $1.64.

Past Earnings Performance: Last quarter, the company beat estimates by 7 cents, coming in at profit of 52 cents a share versus the estimate of net income of 45 cents a share. It marked the fourth straight quarter of beating estimates.

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A Look Back: In the third quarter, profit rose 30.4% to $784 million (67 cents a share) from $601 million (51 cents a share) the year earlier, exceeding analyst expectations. Revenue fell 2.2% to $3.39 billion from $3.47 billion.

Here’s how Texas Instruments traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: