Texas Instruments narrowed its expected revenue and earnings per share during a routine projections for its first quarter: Revenue should come in between $3.07 billion and $3.22 billion, as opposed to the originally projected range of $3.01 billion and $3.28 billion. Earnings per share are now expected to fall between 29 cents and 33 cents per share, as opposed to 28 cents and 34 cents per share. While these numbers do not reflect a huge change in the tide for the company, some expected a more bullish projection given some of TI's competitor's recent forecasts. (See above.) The consensus forecast among financial analysts for the company was 31 cents per share on $3.15 billion in revenue.
For more on TI's tightened forecast:
- see this article from BusinessWeek
TI's chip sales, outlook unimpressive Article