Recently, Texas Instruments (TXN), or “TI,” narrowed its revenue and earnings expectations for the third quarter of 2012. The chipmaker now expects sales of $3.27–$3.41 billion versus its previous guidance of $3.21–$3.47 billion. The earnings outlook range has also been raised to 38–42 cents per share from the previous guidance of 34–42 cents. Management stated that insurance receipts of $60 million related to the 2011 earthquake in Japan and various restructuring activities will likely help earnings in the upcoming quarter. The company also said that the wireless segment is doing better than initially expected owing to new tablet launches that use the company’s ARM-based OMAP processors. However, TI expects the demand for the chips to be at the low end of its expectations due to weak markets in Europe. Recently,
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