Texas Instruments Guidance Falls Short.
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Texas Instruments provided a disappointing revenue forecast below expectations, citing weak demand in most of its markets.
For the March quarter, the semiconductor company reported earnings per share of $1.85, compared with Wall Street’s consensus estimate of $1.77, according to FactSet. Revenue came in at $4.38 billion, which was about in line with analysts’ expectations of $4.37 billion.
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