Texas Instruments announces lower revenue estimate midpoint

Discussion in 'Trading' started by S2007S, Mar 10, 2008.

  1. S2007S

    S2007S

    It doesnt end, tomorrow is another DOWN day in the making, thank TXN....

    semiconductor index to new lows....



    Texas Instruments announces lower revenue estimate midpoint
    By Benjamin Pimentel
    Last update: 4:41 p.m. EDT March 10, 2008

    SAN FRANCISCO (MarketWatch) - Texas Instruments Inc. on late Monday announced a lower mid-point for its first-quarter revenue estimate. The chipmaker said it expects revenue of between $3.21 billion and $3.35 billion, compared with the previous estimate of $3.27 billion and $3.55 billion. TI's revenue target midpoint dropped to $3.28 billion, from $3.41 billion. The company also said it expects earnings a share of between 41 cents and 45 cents, compared with the previous range of 43 cents and 49 cents.