Texas Instrument reports narrower forecast for Q3

US-based chipmaker Texas Instruments narrowed and slightly raised its third-quarter forecast, saying it expects earnings of $0.49 to $0.53 per share on revenue between $3.56 billion and $3.72 billion, an Associated Press report said.

The Associated Press report said the expected fiscal third-quarter earnings between $0.46 per share and $0.52 per share on revenue between $3.49 billion and $3.79 billion.

Revenue in the company's education technology division, which includes handheld calculators, was unchanged and is expected to come in between $200 million and $220 million, the report said.

The company's semiconductor business should see revenue between $3.36 billion and $3.50 billion, compared to the previous range of $3.29 billion to $3.57 billion, according to a company statement.

The July sale of a semiconductor product line associated with DSL equipment boosted the per-share earnings, the company said.

The Associated Press report further quoted Ron Slaymaker, TI's vice president of investor relations, as saying that the biggest growth area for the quarter has been high-performance analog chips used in cellular phones and other electronic gadgets.

Slaymaker told analysts in a conference call that wireless chips were seeing mixed demand depending on the customer, while the company's relatively small education technology division was flat, the report said.

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