Consumer Electronics

Texas Instruments Guidance Signals: Sales and Earnings Remain On Track (TXN, NOK)

Texas Instruments Incorporated (NASDAQ: TXN) is out with guidance in its second quarter business update.  While the results are said to be “narrowed” they are narrowed equally between the high-end and low-end of the ranges offered up after earnings back…

By Jon C. Ogg
Published June 11, 2012, 4:40pm ET · 1 min read

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Texas Instruments Incorporated (NASDAQ: TXN) is out with guidance in its second quarter business update.  While the results are said to be “narrowed” they are narrowed equally between the high-end and low-end of the ranges offered up after earnings back in April.  This should be considered a reaffirmed guidance rather than anything ominous if you have been tracking the woes of Europe and the woes of key customer Nokia Corporation (NYSE: NOK).

TI now expects its financial results to be within $3.28 billion to $3.42 billion in sales, versus a prior range of $3.22 billion to $3.48 billion.  Earnings are now being put in a range of $0.32 to $0.36 per share, versus a prior range of $0.30 to $0.38 per share.

We are actually seeing a positive reaction today in the after-hours that is helping the chip-maker to regain some of Monday’s losses.  Shares closed down 3% at $27.65 and the stock has regained close to half of those losses as the stock is trading up 1.45% at $28.05 in the after-hours session.

JON C. OGG

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Jon C. Ogg

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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