- TXN reported net income of $511 million and earnings of $0.46 per share for the fourth quarter, in line with analyst estimates.
- Earnings were reduced by 3 cents per share as a result of a $49 million charge the company incurred related to restructuring action.
- Revenue for the quarter was $3.03 billion, just beating analysts' estimate of $2.99 billion, but lower than Q3 2013's $3.24 billion figure.
- TXN's outlook for Q1 2014 is for revenue in the range of $2.83 billion to $3.07 billion and EPS between $0.36 and $0.44.
Rich Templeton, TXN's chairman, president and CEO, commented: "Our fourth quarter capped a year in which each quarter's performance increasingly reflected the impact of structural changes we've made to focus TI on Analog and Embedded Processing, where the diversity and longevity of our positions are assets... We returned $4 billion, or 136 percent of free cash flow, to shareholders in 2013 through dividends and stock repurchases. Our strategy to return to shareholders all free cash flow not needed for debt repayment reflects our confidence in the long-term sustainability of our business model."TXN's Dividend TXN pays a quarterly dividend of $0.30 per share, or $1.20 annualized. The next dividend will be paid on February 10, 2014 to shareholders of record January 31, 2014. The stock will go ex-dividend on January 29, 2014. Stock Performance Texas Instruments shares were up 40 cents, or 0.9%, during Tuesday's session. The company's stock was down 36 cents, or 0.82%, in after hours trading.