Texas Instruments Forecasts Profit That May Top Estimates
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Texas Instruments Inc., the biggest maker of analog semiconductors, forecast third-quarter profit that may top analysts’ estimates on demand for chips used in industrial machinery, cars and mobile-phone systems.
Net income will be 66 cents to 76 cents a share on sales of $3.31 billion to $3.59 billion, the Dallas-based company said in a statement yesterday. That compares with average analysts’ estimates for earnings of 68 cents on revenue of $3.43 billion.