Texas Instruments Narrows Q2 Earnings and Revenue Forecast

June 9, 2008 5:47 p.m. EST

Dallas, TX (AHN) - Dallas-based chipmaker Texas Instruments (TXN) narrowed the earnings and revenue range previously forecast for its second quarter.

The previous forecast called for earnings per share in a range of 42 to 48 cents a share on revenue of $3.24 to $3.5 billion.

The company now says for the second quarter ending June 30, they expect to earn 43 to 47 cents a share on a revenue range of $3.33 to $3.46 billion.

The average, analysts estimate, is for 46 cents a share on revenue of $3.38 billion, according to Thomson Financial.

The range for semiconductor revenue, which accounts for the majority of company's sales, was adjusted to $3.17 to $3.28 billion, compared with the previous range of $3.08 billion to $3.32 billion.

Texas Instruments closed Monday trading relatively unchanged.