Dallas-based Texas Instruments narrows outlook

By: From Wire Reports
By: From Wire Reports

DALLAS (AP) - Texas Instruments Inc. has narrowed its fourth-quarter outlook.

The Dallas-based semiconductor maker on Monday said that it expects to earn between 44 and 48 cents per share, versus its prior forecast of 42 to 50 cents per share. Analysts polled by FactSet were anticipating earnings of 47 cents per share.

It also said that it anticipates revenue between $2.92 billion and $3.04 billion, versus its prior range of $2.86 billion to $3.10 billion. Wall Street predicted $2.99 billion.

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