In a scheduled update to its business outlook for the second quarter of 2011, Texas Instruments Inc. (TI) narrowed and lowered its expected ranges for revenue and earnings per share (EPS).
The company currently expects its financial results to be within the following ranges:
– Revenue: $3.36 – 3.50 billion, compared with the prior range of $3.41 – 3.69 billion.
– EPS: $0.51 – 0.55, compared with the prior range of $0.52 – 0.60.
TI specifically notes that circumstances arising out of the recent earthquakes and tsunami in Japan, including disruptions and increased costs of TI’s production, disruptions in its supply chain (including utilities) and reduced or delayed demand from customers, could cause actual results to differ from the expectations of TI or its management.
