(Bloomberg) -- Texas Instruments Inc. fell in
extended U.S. trading after the world's biggest maker of mobile-
phone chips said second-quarter sales and profit will be below
its highest estimates.
Shares of the Dallas, Texas-based company dropped 70 cents,
or 2 percent, to $35.09 as of 5:47 p.m. in New York. Texas
Instruments said sales will be $3.36 billion to $3.51 billion.
That compares with an April estimate of $3.32 billion to $3.6
billion. Profit will be 40 cents to 44 cents a share, excluding
some costs, compared with an earlier forecast of 39 cents to 45
cents.
Read more at Bloomberg Stocks News
extended U.S. trading after the world's biggest maker of mobile-
phone chips said second-quarter sales and profit will be below
its highest estimates.
Shares of the Dallas, Texas-based company dropped 70 cents,
or 2 percent, to $35.09 as of 5:47 p.m. in New York. Texas
Instruments said sales will be $3.36 billion to $3.51 billion.
That compares with an April estimate of $3.32 billion to $3.6
billion. Profit will be 40 cents to 44 cents a share, excluding
some costs, compared with an earlier forecast of 39 cents to 45
cents.
Read more at Bloomberg Stocks News
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