By Maria Armental

Texas Instruments Inc. set its first-quarter financial outlook well above the FactSet analyst consensus.

TI projected first-quarter profit of $2.01 to $2.29 a share and $4.50 billion to $4.90 billion in revenue.

Analysts surveyed by FactSet expect $1.87 a share and about $4.38 billion in revenue.

The company said it expects 2022 annual operating tax rate to be about 14%.


Write to Maria Armental at maria.armental@wsj.com


(END) Dow Jones Newswires

01-25-22 1625ET