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Texas Instruments Forecast Tops Estimates After Demand Picks Up
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Texas Instruments Forecast Tops Estimates After Demand Picks Up Texas Instruments Inc., the biggest maker of analog and embedded processing chips, gave a strong revenue forecast for the current period, lifted by demand from automotive and industrial customers. Revenue will be $5.8 billion to $6.3 billion in the third quarter, the company said in a statement Wednesday. Analysts had estimated $5.73 billion on average, according to data compiled by Bloomberg.
Texas Instruments Forecast Tops Estimates After Demand Picks Up
Texas Instruments Inc., the biggest maker of analog and embedded processing chips, gave a strong revenue forecast for the current period, lifted by demand from automotive and industrial customers.
Revenue will be $5.8 billion to $6.3 billion in the third quarter, the company said in a statement Wednesday. Analysts had estimated $5.73 billion on average, according to data compiled by Bloomberg.