Texas Instruments Falls Most in 4 Months After Missing Estimates
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Texas Instruments Inc. dropped the most in almost four months in New York trading after the company’s fourth-quarter sales forecast fell short of analysts’ estimates amid weaker demand for electronics components.
Revenue will be $3.19 billion to $3.33 billion, the Dallas-based company said in a statement yesterday. On average, analysts had estimated sales of $3.41 billion, according to data compiled by Bloomberg.