Texas Instruments Raises Lower End of Sales, Profit Forecasts

Texas Instruments Inc., the largest maker of analog chips, raised the lower end of its forecasts for first-quarter sales and profit, as customers increase orders ahead of a projected rebound in electronics demand.

Earnings will be 28 cents to 32 cents a share on sales of $2.8 billion to $2.91 billion, the Dallas-based company said yesterday in a statement. On Jan. 22, Texas Instruments said profit would be 24 cents to 32 cents on revenue of $2.69 billion to $2.91 billion, and analysts on average predicted 29 cents and $2.81 billion, according to data compiled by Bloomberg.