Chipmaker Texas Instruments Inc. (TXN) said Monday that it now expects second quarter revenue of $2.99 billion to $3.11 billion, compared to its prior guidance of $2.93 billion to $3.17 billion.
In its scheduled mid-quarter update, the company also narrowed its second quarter earnings outlook to a range of $0.39 to $0.43 per share from its earlier outlook range of $0.37 to $0.45 per share.
Analysts currently expect the company to earn $0.42 per share on revenue of $3.06 billion for the second quarter.
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