Texas Instruments 4th-qtr revenue beats Street

SAN FRANCISCO Tue Jan 21, 2014 4:36pm EST

SAN FRANCISCO Jan 21 (Reuters) - Texas Instruments Inc posted fourth-quarter revenue above expectations even as a recovery in demand for its chips remained muted.

TI said on Tuesday its fourth-quarter revenue was $3.03 billion, compared to $2.98 billion in the same quarter last year. Analysts on average had expected $2.987 billion, according to Thomson Reuters I/B/E/S.