(Reuters) - Chipmaker Texas Instruments Inc's O> fourth-quarter profit slumped about 67 percent due to tax-related expenses resulting from new U. S. tax laws.
The Dallas-based company said on Tuesday its net income fell to $344 million or 34 cents per share in the quarter ended Dec. 31, from $1.05 billion or $1.02 per share, a year earlier. Net revenue rose to $3.75 billion from $3.41 billion. (Reporting by Munsif Vengattil in Bengaluru; editing by Sai Sachin Ravikumar) (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)