Texas Instruments Slashes Guidance
Texas Instruments reported Q3 EPS of $0.67 and revenues of $3.39 billion.
The company lowered Q4 EPS guidance to $0.23-0.31 versus estimates of $0.37, citing a weakening semiconductor market.
Q4 sales estimates were also brought down to $2.83B-3.07 billion versus estimates of $3.22 billion.
Here is the full press release:
DALLAS, Oct. 22, 2012 /PRNewswire/ --Texas Instruments Incorporated (TI) (TXN) today announced third-quarter revenue of $3.39 billion, net income of $784 million and earnings per share of 67 cents. EPS includes 7 cents of charges associated with the company's acquisition of National Semiconductor and restructuring that were comprehended inTI's outlook provided in September. EPS also includes a benefit of 22 cents for changes in taxes and a... [via Silicon Alley Insider]
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