Texas Instruments' fourth-quarter revenue increased 19% year-over-year, performance guidance exceeded expectations, and after-hours stock price rose more than 3%
After U.S. stock sales on Tuesday, Texas Instruments (NASDAQ:TXN) announced fiscal fourth-quarter and full-year fiscal 2021 results. According to the earnings report, fourth-quarter revenue was 19% year-on-year to $48.32, and net profit was up 27% year-on-year to $2.138 billion. In 2021, Texas Instruments had full-year revenue of $18.344 billion and net profit of $7.769 billion. Looking ahead, Texas Instruments expects first-quarter revenue of $4.5 billion to $4.9 billion and earnings per share of $2.01-2.29, both of which exceed market expectations.
Sources said Nvidia is considering abandoning the ARM acquisition, and the former's stock price fell more than 4% on the day
On Tuesday, according to sources, Nvidia considered abandoning the ARM acquisition, which made little progress in obtaining approval. The acquisition, which was announced in September 2020, was expected to be the largest semiconductor deal in history, but sparked backlash from regulators and the chip industry. By the close of the day, NVIDIA shares were down more than 4 percent.
General Electric Corporation (NYSE:GE) fell nearly 6 percent, with a net loss in Q4 that exceeded market expectations
On Tuesday, GE announced its fourth quarter 2021 results. Earnings reports showed fourth-quarter revenue of $20.303 billion, slightly below market expectations of $215.29, fourth-quarter net loss of $3.9 billion, and last year's expected net loss of $149 million. By the close, GE was down nearly 6 percent at $91.11.
Musk's speech led Dogecoin to rise by 16% at one point
On Tuesday, Tesla CEO Elon Musk said that if McDonald's accepts Dogecoin, he will live-stream a happy meal. Dogecoin rose short-term, up as high as 16%.