Texas Instruments cuts Q4 outlook

News General Global 9 DEC 2011
Texas Instruments cuts Q4 outlook
Texas Instruments has narrowed and lowered its expected ranges for revenues and earnings per share in the fourth quarter. The reductions are due to lower demand across a range of markets, customers and products, except for wireless applications processors. The company currently expects revenues of USD 3.19-3.33 billion for the quarter, down from the prior range of USD 3.26-3.54 billion, while the EPS outlook was narrowed to USD 0.21-0.25, from USD 0.28-0.36.

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