Texas Instruments raises sales, earnings views

Texas Instruments late Wednesday raised sales and earnings outlooks for the third quarter, saying it expects its analog chip business to drive sequential growth.

Shares of the Dallas-based chip maker /quotes/comstock/13*!txn/quotes/nls/txn (TXN 25.18, +0.04, +0.16%) were up a fraction early Thursday.

Late Wednesday, the company said it now expects revenue to be in the range of $2.73 billion to $2.87 billion, compared to a previous range of $2.5 billion to $2.8 billion.

TI also said it now expects earnings in the range of 37 cents a share to 41 cents a share, compared with a previous range of 29 cents a share to 39 cents a share.

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- Posted: 2009-09-10 11:01:49

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