DALLAS (AP) _ Texas Instruments Inc. (TXN) on Tuesday reported fourth-quarter net income of $2.14 billion.

The Dallas-based company said it had net income of $2.27 per share.

The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.95 per share.

The chipmaker posted revenue of $4.83 billion in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $4.44 billion.

For the year, the company reported profit of $7.77 billion, or $8.26 per share. Revenue was reported as $18.34 billion.

For the current quarter ending in April, Texas Instruments said it expects revenue in the range of $4.5 billion to $4.9 billion. Analysts surveyed by Zacks had expected revenue of $4.39 billion.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TXN at https://www.zacks.com/ap/TXN

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