Texas Instruments (NASDAQ:TXN) shares fell 3.5% in late trading on Thursday after the analog chipmaker offered up guidance for the first-quarter of 2025 that overshadowed better-than-expected fourth quarter results.

Texas Instruments TXN reported better-than-expected results for fourth-quarter 2024. While the results revealed a decline in both revenues and net income on a year-over-year basis, the company surpassed the Zacks Consensus Estimate as well as management’s guidance.

TXN's Q4 top line is likely to have been hurt by a fall in factory loading, while increased manufacturing costs are likely to have weighed on the bottom line.