Texas Instruments Raises Floor, Lowers Ceiling on Guidance

Dallas-based Texas Instruments (NASDAQ: TXN  ) is narrowing guidance on what it expects to earn in its fiscal third quarter 2013 -- the quarter we're currently in, and which closes on Sept. 30.

Announcing tweaks to its projected numbers, TI compressed the ranges of both the revenues and the earnings that it expects to report -- originally announced in the company's July 22 fiscal Q2 2013 earnings release. Instead of a range of from $3.09 billion to $3.35 billion, TI now sees a higher "floor" revenue -- $3.15 billion -- but also a lower "ceiling" on the revenue it might report: $3.29 billion.

Similarly, the company's earnings estimate of from $0.49 to $0.57 has changed. The worst-case scenario is now $0.51 per share; the best case, $0.55 per share.

Texas Instruments investors appear to be accenting the negative side of the update, with TI shares opening down from yesterday's $40.31 close, and trading close to that closing price as of this writing. Official earnings are expected to be released on Oct. 21.

link


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2632923, ~/Articles/ArticleHandler.aspx, 9/16/2014 7:51:19 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement