Texas Instruments Shares Rise On Upbeat Outlook

Shares of Texas Instruments edged higher Wednesday, a day after the chip maker raised the bottom end of its sales and earnings forecasts, effectively raising the midpoint of its outlook.

TI (TXN) were up more than 1% in early trading, as the Dallas-based tech giant pointed to strong demand that, so far, has not been negatively affected by the crisis in Europe.

In a statement Tuesday, TI said it now expects revenue in the range of $3.45 billion to $3.59 billion, compared with a previous range of $3.31 billion to $3.59 billion.

The company also said it expects earnings in the range of 60 cents to 64 cents a share, compared with a previous range of 56 cents to 64 cents a share.

Read Full Article from Wall Street Journal

- Posted: 2010-06-09 10:37:39

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