Texas Instruments Forecasts Miss Analysts’ Estimates
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Texas Instruments Inc., the largest analog-chip maker, forecast third-quarter sales and profit that may exceed analysts’ estimates as demand from the automotive and industrial markets helps counter a personal-computer slump.
Revenue will be $3.09 billion to $3.35 billion, the Dallas-based company said yesterday in a statement. On average, analysts had projected sales of $3.2 billion, according to data compiled by Bloomberg. Earnings will be 49 cents to 57 cents a share, compared with estimates for 51 cents.