Texas Instruments raises 4Q profit, sales targets

Dec 08, 2009

(AP) -- Texas Instruments is raising its fourth-quarter profit and sales outlook, citing an improving market for chips used in cell phones and other electronic gadgets.

Dallas-based now expects to earn between 47 cents and 51 cents per share, up from a prior estimate of 42 cents to 50 cents. In its regular mid-quarter update, the company also lifted its revenue forecast to between $2.90 billion and $3.02 billion from $2.78 billion to $3.02 billion, previously.

Analysts are expecting the company to earn 47 cents per share on sales of $2.93 billion, according to a Thomson Reuters poll. The midpoint of the company's revenue guidance would total $2.96 billion, slightly above Wall Street's average estimate.

Despite the upgraded outlook, shares slid nearly 3 percent in after-hours trading Tuesday.

©2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Explore further: NBCUniversal settles with unpaid interns for $6.4M

add to favorites email to friend print save as pdf

Related Stories

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 profit, revenue tumble on shrinking demand (Update)

Apr 20, 2009

(AP) -- Texas Instruments Inc. said Monday that first-quarter profit and revenue tumbled as competition heightened and demand for its chips shrank amid the recession, but the results still beat the company's own expectations ...

Soft PC sales send Microsoft profit down 29 pct

Jul 23, 2009

(AP) -- Microsoft Corp. said Thursday its profit in the last quarter plunged 29 percent because of weak computer sales, ending a fiscal year in which the software maker's revenue fell for the first time since ...

Cisco earnings fall 46 pct but beat expectations

Aug 05, 2009

(AP) -- Cisco Systems Inc. said earnings fell 46 percent in its latest quarter, but the profit beat Wall Street expectations, and the company said the quarter may have been the bottom of the recession-related ...

Recommended for you

NBCUniversal settles with unpaid interns for $6.4M

57 minutes ago

NBCUniversal will pay $6.4 million to settle a class action lawsuit brought by unpaid interns who worked on "Saturday Night Live" and other shows who claim they are owed wages, according to court documents.

States ascend into the cloud

1 hour ago

Seven years ago, the state of Delaware started moving computer servers out of closets and from under workers' desks to create a consolidated data center and a virtual computing climate.

Microsoft drops Nokia name from smartphones

3 hours ago

Microsoft said Friday it was dropping the Nokia name from its Lumia smartphones, rebranding following the acquisition earlier this year of the Finnish group's handset division.

Amazon's loss makes holidays a question mark

3 hours ago

Amazon's trademark smile icon is becoming more of a grimace. The world's largest online retailer reported a wider third-quarter loss than analysts expected and gave a disappointing holiday forecast.

Ericsson profit down 10 pct despite higher sales

8 hours ago

Wireless equipment maker Ericsson says its third-quarter earnings slumped 10 percent despite higher sales due to increased operating costs and negative effects from currency hedging.

User comments : 0