DALLAS ( TheStreet) -- Texas Instruments' ( TXN) 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 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. Follow @jamesjrogers >To submit a news tip, send an email to: email@example.com. Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices.