Texas Instruments ( TXN), the chipmaker, on Tuesday maintained the top end of its earnings outlook for its fiscal third quarter. Texas Instruments issued its mid-quarter update for the three months ending September, narrowing its view to earnings of 38 cents to 42 cents a share from a prior forecast for a profit of 34 cents 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 is for earnings of 45 cents a share in the quarter on revenue of $3.34 billion. TI Shares Gain on Narrowed Outlook
Facebook ( FB) CEO Mark Zuckerberg said he was disappointed in the performance of the social networking giant's stocks since its IPO at an appearance at a media conference in San Francisco on Tuesday. Zuckerberg also disclosed the company wasn't building a Facebook phone, saying that "building a phone is the wrong strategy for us. " Mark Zuckerberg: 'I Just Want to Build Good Stuff'
Ford's ( F) board is expected this week to discuss a succession plan for CEO Alan Mulally, who is expected to retire by the end of 2013, according to Bloomberg, which cited a person familiar with the matter.
Pall Corp. ( PLL), the maker of filtration and purification products, is expected by analysts Wednesday to post fiscal fourth-quarter earnings of 77 cents a share on revenue of $718.9 million.
-- Written by Joseph Woelfel >To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: firstname.lastname@example.org.