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Intel Corporation Message Board

  • alexander.dumbass alexander.dumbass Mar 7, 2013 7:22 PM Flag

    Texas Instruments Raises Low End of Sales, Profit Forecasts

    TI warns .... better than expected.

    Texas Instruments Raises Low End of Sales, Profit Forecasts
    By Ian King - Mar 7, 2013 3:26 PM PT
    Texas Instruments Inc. (TXN), the largest maker of analog chips, raised the lower end of its forecasts for first-quarter sales and profit, as customers increase orders ahead of a projected rebound in electronics demand.

    Earnings will be 28 cents to 32 cents a share on sales of $2.8 billion to $2.91 billion, the Dallas-based company said today in a statement. On Jan. 22, Texas Instruments said profit would be 24 cents to 32 cents on revenue of $2.69 billion to $2.91 billion, and analysts on average had predicted 29 cents and $2.81 billion, according to data compiled by Bloomberg.

    Texas Instruments has thousands of customers across the electronics industry, from radar-equipment suppliers to microwave-oven makers, meaning its earnings are one of the broadest proxies for the health of the chip market. After running down inventories last year, some companies have resumed buying parts to ensure they aren’t caught short when demand returns, said Tore Svanberg, an analyst at Stifel Nicolaus & Co.

    “Order rates are still improving, from obviously a low level,” said Svanberg, who recommends buying the shares. “The industrial market and especially automotive is showing some strength. We’re still very early in the process.”

 
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