Texas Instruments Posts a Loss on Writedowns

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After the close of trading Wednesday, Texas Instruments (TI ) posted a fourth quarter loss of 34 cents vs. a loss of seven cents, citing a writedown for an investment in Micron Technology. Analysts were expecting an average of three cents earnings per share on revenue of $2.08 billion. Excluding the writedown, the microchip producer would have posted six cents earnings per share. Revenue rose 20% to $2.15 billion.

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