Wednesday, March 7, 2012

TI Lowers Financial Guidance, Cites Weaker Wireless Sales

Texas Instruments lowered its expected ranges for revenue and earnings per share (EPS) for Q1, citing lower demand for its wireless products.

The company currently expects its financial results to be within the following ranges:

Revenue: $2.99 – 3.11 billion compared with the prior range of $3.02 – 3.28 billion

EPS: $0.15 – 0.19 compared with the prior range of $0.16 – 0.24.


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