Texas Instruments Announces Earnings Results for the Fourth Quarter and Full Year 2014; Provides Earnings Guidance for the First Quarter of 2015
For the year, the company reported profit of $2.82 billion, or $2.57 per share. Revenue rose to $13.05 billion. Free cash flow for the year was $3.5 billion, up 18% from a year ago. In 2014, cash flow from operations was $3.89 billion, up 15% from the same period a year ago. For the year, capital expenditures were $385 million or 3% of revenue.
The company provided earnings guidance for the first quarter of 2015. For the quarter, the company expects revenue of $3.07 to $3.33 billion. EPS is seen at $0.57 to $0.67. Expectation for annual effective tax rate in 2015 is about 30%.