Monday, September 10, 2007

TI Updates Financial Outlook

Texas Instruments its business outlook for the third quarter of 2007, . The company now expects:

  • Total revenue between $3.56 billion and $3.72 billion, compared with the prior range of $3.49 billion to $3.79 billion;


  • Semiconductor revenue between $3.36 billion and $3.50 billion, compared with the prior range of $3.29 billion to $3.57 billion; and


  • Education Technology revenue between $200 million and $220 million, consistent with the prior range.


TI expects EPS from continuing operations between $0.49 and $0.53, compared with the previous range of $0.46 to $0.52. The revised EPS range includes about $0.02 from the gain on the sale of TI's semiconductor product line associated with DSL customer-premises equipment. The sale closed in July.

http://www.ti.coom

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