Texas Instruments Inc. (TI, Dallas, TX) narrowed its first-quarter guidance to the top part of the previously forecast range. The company said revenues will be between $2.835 billion and $2.950 billion. The previous forecast was between $2.720 billion and $2.950 billion.
TI said it expects earnings per share of between $0.19 and $0.22. The previous forecast for the first quarter was $0.16 to $0.22. Semiconductor revenue for the first quarter will be between $2.5 billion and $2.6 billion, compared to the previous range of $2.4 billion to $2.6 billion.
