Texas Instruments Sweetens Its Tune (TXN, SMH)
It appears that the weakness being seen in many of the mobile handset makers isn’t really hurting Texas Instruments (NYSE: TXN). The company gave its mid-quarter update and narrowed its prior guidance to levels that are actually above the First…
It appears that the weakness being seen in many of the mobile handset makers isn’t really hurting Texas Instruments (NYSE: TXN). The company gave its mid-quarter update and narrowed its prior guidance to levels that are actually above the First Call consensus:
- The new revenue range is $3.50 to $3.66 Billion, with consensus at $3.56 Billion.
- The new EPS range is $0.50 to $0.54, with consensus at $0.50.
Shares of Texas Instruments (NYSE:TXN) closed up 0.6% at $32.67 today, but shares are up almost 4% at $33.94 in after-hours trading. The 52-week trading range is $28.24 to $39.63.
Even the Semiconductor HOLDRs (AMEX:SMH) rose 0.9% to $34.00 in after-hours trading.
Jon C. Ogg
December 10, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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