TI tightens 3Q sales, but no up/down surprise

September 12, 2007 – Texas Instruments has narrowed its projected 3Q07 sales to a range of $3.56-$3.72 billion, vs. initial projections of $3.49-$3.79B. Semiconductor revenue outlook has been similarly narrowed around the midpoint of guidance to $3.36-$3.50B, vs. $3.29-$3.57B.

Orders are up quarter-on-quarter, with particular strength is in high-performance analog and computing (printers and HDDs), with wireless also healthy among certain customers, noted Doug Freedman, analyst with American Technology Research, in a research note, adding that TI is enjoying “a stable inventory situation.”

TI’s outlook for EPS from continuing operations was raised a bit, to $0.49-$0.53, with $0.02 added from the July sale of the company’s semiconductor product line associated with DSL customer-premise equipment.


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