Texas Instruments Announces New Quarterly Financial Report: Revenue Decreases, Earnings Increase Year-on-Year

  Apple supplier Texas Instruments (TI) recently announced its fourth-quarter earnings as of December 31. Profits exceeded Wall Street's expectations, but revenues fell short of expectations due to a slowdown in the smartphone market. The company said its overall revenue for the new quarter fell 1% to $3.72 billion, lower than analysts' estimate of $3.74 billion.