Texas Instruments lowers 4Q outlook

Dec 09, 2011

(AP) -- Semiconductor maker Texas Instruments Inc. lowered its outlook for its fourth-quarter revenue and profit on Thursday, saying demand had weakened for a variety of products that use its chips.

Its shares were down more than 6 percent in extended trading.

The weak economy in the United States and elsewhere has hurt demand for that use TI's semiconductors. Dallas-based TI said it saw "broadly lower demand across a wide range of markets, customers and products" except for wireless-applications processors, which are used in smartphones and tablets.

The company said that it expects to earn between 21 and 25 cents per share in the , down from an earlier forecast of 28 to 36 cents per share.

It forecast revenue of $3.19 billion to $3.33 billion, down from a previous range of $3.26 billion to $3.54 billion.

Analysts were expecting the company to earn 35 cents per share on revenue of $3.41 billion, according to a survey by FactSet.

In October, the company reported that third-quarter net income fell 30 percent from the same period last year, as demand for chips weakened and revenue fell in all four of the company's segments.

TI shares fell 75 cents, or 2.5 percent, to end regular trading at $29.92 before the update. In extended trading, the shares fell $1.91, or 6.4 percent, to $28.01. They had lost 8 percent this year, through Thursday's closing bell.

Explore further: Sony's quarterly loss balloons on mobile woes

not rated yet
add to favorites email to friend print save as pdf

Related Stories

TI 2Q revenue rises 42 pct as demand roars back

Jul 19, 2010

(AP) -- Texas Instruments Inc.' second-quarter income and revenue jumped as demand continued to recover after the recession. The company predicted even better results in the new quarter.

Texas Instruments says past 'shallow downturn'

Jan 24, 2011

(AP) -- Texas Instruments Inc. on Monday posted fourth-quarter results that narrowly topped forecasts, and the chipmaker said it is now past a "short and shallow downturn" that hit in the second half of last ...

TI 3Q earnings up 60 pct, sees slowdown in 4Q

Oct 25, 2010

(AP) -- Chip-maker Texas Instruments Inc. said Monday that third-quarter income soared 60 percent as it continued to satisfy pent-up demand after the recession, but the company expects things to cool down ...

Texas Instruments 2Q profit falls 56 percent

Jul 20, 2009

(AP) -- Chip maker Texas Instruments says its second-quarter earnings fell 56 percent from a year ago, clipped by a weak economy that the company expects will "take some time" to strengthen.

TI 4Q profit, revenue soar on broad chip demand

Jan 25, 2010

(AP) -- Texas Instruments Inc. said Monday its fourth-quarter profit soared as factories that use its chips for a wide range of consumer gadgets and industrial products hummed straight through the typically ...

Recommended for you

Sony's quarterly loss balloons on mobile woes

5 hours ago

Sony's losses ballooned to 136 billion yen ($1.2 billion) last quarter as the Japanese electronics and entertainment company's troubled mobile phone division reported huge red ink.

Will Apple Pay be mobile pay's kick-start?

13 hours ago

If anyone can get us to use our smartphones as wallets, it's Apple. That's what experts think about the recent launch of Apple Pay, the first mobile wallet to work on an iPhone.

Google execs discuss regulation, innovation and bobble-heads

15 hours ago

Eric Schmidt and Jonathan Rosenberg help run Google, one of the world's best-known, most successful - and most controversial - companies. They've just published a new book, "How Google Works," a guide to managing what they ...

LinkedIn reports 3Q loss but sales climb

15 hours ago

LinkedIn Corp. posted a third-quarter loss on Thursday, but its results were better than expected as revenue grew sharply, sending shares of the online professional networking service higher in extended trading.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.