The Dallas-based company issued its mid-quarter update for the three months ending this month, narrowing its view to earnings of 38 to 42 cents a share from a prior forecast for a profit of 34 to 42 cents a share. TI now expects revenue of between $3.27 billion to $3.41 billion for the quarter vs. its previous range of $3.21 billion to $3.47 billion.
The average estimate of analysts polled by Thomson Reuters is for earnings of 45 cents a share in the quarter on revenue of $3.34 billion.
The stock closed the regular session down 0.31% at $28.58. Shares were last quoted at $29.14, up 1.96%, on after-hours volume of nearly 141,000.Interested in more on Texas Instruments? See TheStreet Ratings' report card for this stock. -- Written by Chris Ciaccia in New York >Contact by Email. Follow @Commodity_Bull