Updated from 12:17 a.m. EST

DALLAS ( TheStreet) -- Shares of Texas Instruments ( TXN) fell in after-hours trading Monday after it raised the low end of its first-quarter earnings guidance.

Texas Instruments said it expects earnings of 48 cents to 52 cents a share; its prior outlook announced in January called for first-quarter earnings of 44 cents to 52 cents a share.

Revenue is expected at $3.07 billion to $3.19 billion; its prior guidance was for revenue of $2.95 billion to $3.19 billion.

Analysts surveyed by Thomson Reuters forecast first-quarter earnings of 49 cents a share on revenue of $3.08 billion.

Texas Instruments shares fell 23 cents, or 0.93%, to $24.46 in after-hours trading Monday.

-- Reported by Joseph Woelfel in New York.

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