Texas Instruments falls on signs that chip recovery is slowing

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Shares of Texas Instruments Inc., the biggest maker of analogue chips, fell the most in three months after the company gave a lacklustre 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.

The outlook suggests that customers are slowing orders…



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Texas Instruments falls on signs that chip recovery is slowing


Shares of Texas Instruments Inc., the biggest maker of analogue chips, fell the most in three months after the company gave a lacklustre 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.

The outlook suggests that customers are slowing orders…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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