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Texas Instruments Raises Low End of Guidance

DALLAS ( TheStreet) -- Texas Instruments' (TXN - Get Report) shares rose in extended trading after the chipmaker raised the low end of its revenue and earnings estimates for the second quarter.

Texas Instruments climbed 1.1% to $27.95 after the silicon specialist forecast revenue between $3.28 billion and $3.42 billion, compared with prior guidance of $3.22 billion to $3.48 billion. Analysts surveyed by Thomson Reuters are looking for sales of $3.35 billion.

Texas Instruments
Texas Instruments narrowed its second-quarter guidance after market close.

The Texas-based firm now expects to earn between 32 cents and 36 cents a share versus a previous estimate of 30 cents to 38 cents. Analysts expect 41 cents a share.

Texas Instruments shares closed down 3.1% at $27.65 in regular trading today.

--Written by James Rogers in New York.

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