If business were a game show, Texas Instruments
The semiconductor giant updated its near-term outlook last night, trimming a bit more off the bottom end of the estimates than the top. That's like a Deal or No Deal competitor picking off the million-dollar prize in the same round as the one-penny and one-dollar briefcases. In the game show, the next deal offer would be a few dollars higher -- for TI, its share price has grown about 3% since the update.
Mind you, we're not talking about large outlook changes here. The new earnings range -- from continuing operations -- stretches from $0.50 per share to $0.54, whereas the old guidance reached down to $0.48. The Wall Street consensus still lies comfortably within the updated outlook.
A company spokesman said the mainline products are doing well, including analog signal converters and wireless chips. That's despite Ericsson's
While the Dallas dandy obviously reaped the fattest reward for these positive notes, the competition enjoyed it, too. Analog Devices
And it's good news for some less obvious businesses, too -- if the chip makers are selling plenty of signal processor chips, it means device builders like Nokia
In other words, we're all winners. Thank you, TI.
Fool contributor Anders Bylund holds no position in any of the companies discussed here, but he does own several TI calculators. You can check out Anders' holdings if you like, and Foolish disclosure is always a great deal. Garmin is a Motley Fool Stock Advisor recommendation.