Texas Instruments Predicts Profit Above Analysts’ Estimates
- Company points toward demand in autos, industrial equipment
- Fourth-quarter revenue gained 7% from a year earlier
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Texas Instruments Inc., the largest maker of analog semiconductors, forecast first-quarter revenue and profit that may top projections, indicating stronger demand from makers of industrial equipment.
Texas Instruments has tens of thousands products that are part of virtually every device that has an on-off switch. Its customer list ranges from makers of space hardware to heavy-duty industrial equipment and consumer electronics. That reach makes the company’s earnings and outlook a bellwether for demand across the electronics industry.