Texas Instruments narrows fourth-quarter outlook
SAN FRANCISCO (MarketWatch) — Texas Instruments Inc. on Monday narrowed its sales and earnings outlook for the fourth quarter. The Dallas-based chip maker said it now expects revenue in the range of .89 billion to .01 billion, compared with a previous range of .83 billion to .07 billion. TI also said it now expects a profit of 5 cents a share to 9 cents a share, compared with a prior outlook of 23 cents a share to 31 cents a share. The company’s earnings per share estimate includes charges worth 21 cents a share in connection with TI’s restructuring of its wireless business. Shares of TI were up 1.6% in after-hours trading.
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