Texas Instruments Narrows Q2 Rev, EPS Guidance

Texas Instruments this afternoon narrowed its financial guidance for the second quarter.

The chip maker now sees revenue of $3.28 billion to $3.42 billion, narrowing the range from a previously forecast $3.22 billion to $3.48 billion. The company now sees profits for the quarter of 32-36 cents a share, tightening the previous range of 30-38 cents a share.

Street consensus had been $3.36 billion and 34 cents.

TXN, which had slipped 87 cents, or 3.1%, to $27.65 in the regular session, in after hours trading has bounced 30 cents, or 1.1%, to $27.95.

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