Texas Instruments Falls on Signs That Chip Recovery Is Slowing

Shares of Texas Instruments Inc., the biggest maker of analog chips, fell the most in three months after the company gave a lackluster forecast for the current period, adding to concerns that a semiconductor industry recovery is sputtering.

Revenue will be $4.22 billion to $4.58 billion in the fourth quarter, the company said in a statement Tuesday. Analysts had estimated $4.5 billion on average. Profit in the period will be roughly $1.26 a share, the company said, versus a projection of $1.39.