Texas Instruments Forecasts Sales In Line With Estimates
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Texas Instruments Inc., the largest maker of analog chips, gave an updated fourth-quarter sales forecast that was in line with analysts’ estimates as customers seek to keep inventory low amid lackluster demand.
Sales will be $2.89 billion to $3.01 billion, the Dallas-based company said yesterday in a statement. Analysts on average projected revenue of $2.95 billion, according to data compiled by Bloomberg. In October, Texas Instruments had said sales would be $2.83 billion to $3.07 billion.