Some good news Don. TXN says they will still meet their estimates... I think.
Texas Intruments results in line with expectations-CFO
Monday September 23, 7:10 pm ET
biz.yahoo.com
SAN FRANCISCO, Sept 23 (Reuters) - Texas Instruments Inc. (NYSE:TXN - News) third-quarter results are tracking expectations with revenue forecast to grow 20 percent year-over-year, William Aylesworth, chief financial officer, said on Monday at the Banc of America Securities conference.
Earnings per share for the third quarter are expected to be 9 cents or 10 cents before special items, Aylesworth said.
Inventories are "pretty stable" he said. "We expect in October, November we can be meeting (customer) needs on a short lead-time basis."
Customer demand is in line with shipments for most of the company's markets, with the exception of telecom equipment and Internet infrastructure, which are seeing weaker demand, Aylesworth said after his presentation.
"Wireless and digital consumer markets are strong and PCs and peripheral markets are weaker, but it evens out in the end," he said.
Analysts polled by Thomson First Call on average expect the chipmaker to post earnings of 10 cents per share, before special items, and revenue of $2.27 billion for the third quarter.
On Sept. 4, Dallas-based Texas Instruments, the world's No. 1 maker of semiconductors for cellular telephones, said its third quarter outlook remained unchanged, at 5 percent growth in revenue over the second quarter's $2.26 billion. |
