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Texas Instruments Gets Lukewarm Reaction to Upbeat Forecast

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Texas Instruments Gets Lukewarm Reaction to Upbeat Forecast Texas Instruments Inc., the biggest maker of analog and embedded processing chips, gave a forecast that topped estimates but failed to excite investors, who have bid up the company’s shares this year. Revenue will be $5.65 billion to $6.15 billion in the third quarter, the company said in a statement Wednesday. Analysts had estimated $5.62 billion on average, according to data compiled by Bloomberg.

Texas Instruments Gets Lukewarm Reaction to Upbeat Forecast Texas Instruments Inc., the biggest maker of analog and embedded processing chips, gave a forecast that topped estimates but failed to excite investors, who have bid up the company’s shares this year. Revenue will be $5.65 billion to $6.15 billion in the third quarter, the company said in a statement Wednesday. Analysts had estimated $5.62 billion on average, according to data compiled by Bloomberg.
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Originally published by Bloomberg Technology Read original →