Texas Instruments Forecasts Top Analysts’ Estimates
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Texas Instruments Inc., the largest maker of analog chips, forecast second-quarter sales and profit that may top some analysts’ estimates, helped by increased orders from makers of automotive and industrial-machine parts.
Profit in the current period will be 37 cents to 45 cents a share on revenue of $2.93 billion to $3.17 billion, the Dallas-based company said yesterday in a statement. Analysts on average had estimated profit of 38 cents and sales of $3.04 billion, according to data compiled by Bloomberg.