Texas Instruments (TXN) Shares Slip as Outlook Signals Chip Slump Is Persisting
Texas Instruments Inc. gave a disappointing earnings forecast for the current period, hurt by still-sluggish chip demand and higher manufacturing costs.Profit will be 94 cents to $1.16 a share in the first quarter, the company said in a statement ThursdayBloomberg Terminal. The midpoint of that range, $1.05 a share, was well below the $1.17 that analysts projected on average. Sales will be $3.74 billion to $4.06 billion, compared with an estimate of $3.86 billion....
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