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Flow International, Altera, TI: After-Hours Trading

Texas Instruments

The chips were definitely down once the closing bell sounded as Texas Instruments (TXN - Get Report) cut the financial forecast for its fiscal fourth quarter, saying business is bad everywhere except for wireless processors.

The stock tumbled 6% to $28.17 on volume of more than 650,000 after TI said it now sees earnings of 21 to 25 cents a share for the quarter ending this month with revenue expected to range from $3.19 billion and $3.33 billion.

The company's previous view was for earnings of 28 to 36 cents per share on revenue of $3.26 billion to $3.54 billion in the quarter. The current average estimate of analysts polled by Thomson Reuters is for a profit of 48 cents a share in the quarter on revenue of $3.41 billion.

Dow component Intel (INTC - Get Report) took a hit in late trades as well following the news, losing nearly 2% to $24.24 on late volume of 2.7 million.

Other stocks seeing trading interest late included Comtech Telecommunications (CMTL - Get Report), slumping almost 5% after providing what it termed a "cautious view" for the rest of its fiscal year; and Pall Corp. (PLL - Get Report), which bounced more than 4% after reporting above-consensus quarterly results.

-- Written by Michael Baron in New York.



>To contact the writer of this article, click here: Michael Baron.

>To submit a news tip, send an email to: tips@thestreet.com

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.
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SYM TRADE IT LAST %CHG
ALTR $47.85 2.40%
CMTL $30.05 0.60%
FLOW $4.04 0.00%
INTC $33.73 1.90%
PLL $124.63 -0.14%

Markets

DOW 18,162.99 +121.45 0.67%
S&P 500 2,123.48 +19.28 0.92%
NASDAQ 5,106.5930 +73.8420 1.47%

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