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Texas Instruments Narrows Forecast

Stock quotes in this article: TXN , NOK , QCOM  

SAN FRANCISCO -- Texas Instruments(TXN Quote) tightened its financial forecast for the current quarter, leaving the midpoint of its guidance unchanged despite growing anxiety about the cell-phone market for semiconductors.

The Dallas-based chipmaker said it expects revenue in the third quarter to range between $3.33 billion and $3.47 billion, instead of its previous range of $3.26 billion to $3.54 billion.

Analysts were looking for sales of $3.4 billion, which represents the midpoint of both ranges. ...

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