Blackstone-Owned Freescale Rises as Forecast Tops Estimates

Freescale Semiconductor Ltd., the chipmaker mostly owned by a private-equity group including Blackstone Group LP and TPG Capital, rose after predicting second-quarter sales that may exceed some analysts’ estimates.

Second-quarter revenue will be $1 billion to $1.04 billion, the Austin, Texas-based company said yesterday in a statement. Analysts on average had estimated sales of $1.01 billion, according to data compiled by Bloomberg.