Texas Instruments Lowers Q1 EPS and Revenue Guidance
Texas Instruments Incorporated (TI) (NASDAQ: TXN) today narrowed and lowered its expected ranges for revenue and earnings per share (EPS). The reductions are due to lower demand for Wireless products.
The company currently expects its financial results to be within the following ranges:
Revenue: $2.99 – 3.11 billion compared with the prior range of $3.02 – 3.28 billion EPS: $0.15 – 0.19 compared with the prior range of $0.16 – 0.24.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.