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Texas Instruments narrows Q4 EPS, revenue guidance

December 12, 2012 at 17:32 CST

Chipmaker Texas Instruments (NASDAQ:TXN) updated and narrowed its financial forecast for its fiscal fourth quarter ending December 31.

Texas Instruments is the largest maker of a type of chip that runs electronics in devices such as home appliances and military hardware, making its earnings and forecasts an indicator of activity across the industry.

The company now expects to report a profit in a range of five to nine cents per share, compared with a range of 23 to 31 cents per share it reported in October. Texas Instruments said that per share earnings guidance now includes 21 cents of charges associated with previously announced restructuring in its wireless segment.

Analysts had predicted a profit of six cents a share, according to data compiled by Bloomberg.

Management also anticipates that the Dallas-based company will generate revenue in a range of $2.89 billion to $3.01 billion for the fourth quarter, compared with a prior estimated range of $2.83 billion to $3.07 billion, in line with estimates of $2.95 billion in revenue.

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Category: 
Tech