cut its first-quarter earnings forecast for
to 32 cents a share from 34 cents, citing a continued weak order environment.
The firm also cut the chipmaker's fiscal 2001 estimates to $1.48 a share from $1.53.
Analysts polled by
First Call/Thomson Financial
expect the company to earn 35 cents a share for the first quarter and $1.56 a share for the full year 2001.
Shares of Texas Instruments were recently trading down 19 cents, or 0.4%, to $43.56 on the
New York Stock Exchange
. The shares have traded as low as $41 today.