TI Updates Second-Quarter 2007 Business Outlook
Revenue Expected between $3.36 Billion and $3.51 Billion
EPS Expected between $0.40 and $0.44
Conference Call on TI Web Site at 4 p.m. CDT Today
In a scheduled update to its business outlook for the second quarter of 2007, Texas Instruments Incorporated (TI) (NYSE: TXN) today narrowed its expected ranges for revenue and earnings per share (EPS).
The companyís expectations for revenue are:
* Total revenue between $3.36 billion and $3.51 billion, compared with the prior range of $3.32 billion to $3.60 billion;
* Semiconductor revenue between $3.20 billion and $3.34 billion, compared with the prior range of $3.14 billion to $3.40 billion; and
* Education Technology revenue between $160 million and $170 million, compared with the prior range of $180 million to $200 million. The lower estimate reflects delays by retailers in stocking their back-to-school calculator inventory until closer to the start of school in the third quarter.
TI expects EPS from continuing operations between $0.40 and $0.44, compared with the previous range of $0.39 to $0.45.
The company will hold a conference call at 4 p.m. CDT today to discuss this update. This conference call will be available live at www.ti.com. TIís original second-quarter outlook was published in the companyís first-quarter 2007 earnings release on April 23, available at www.ti.com. TIís second quarter ends on June 30.
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.