Texas Instruments Mid-Quarter Update

By Douglas A. McIntyre Published Mar 12, 3:39PM EDT

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Texas Instruments’ (TXN-NYSE) mid-quarter update: TXN expects EPS between $0.29 and $0.33, compared with the previous range of $0.28 to $0.34 on total revenue of between $3.07 billion and $3.22 billion, compared with the prior range of $3.01 billion to $3.28 billion. Wall Street estimates are $0.31 EPS & $3.15 Billion Revenues for the quarter.

Semiconductor revenue between $3.01 billion and $3.14 billion, compared with the prior range of $2.95 billion to $3.20 billion; Education Technology revenue between $60 million and $80 million, unchanged from the prior range.

Shares fell 1.8% right after the news to $32.00 after closing up 0.4% at $32.59 in regular trading. Shares closed at $30.90 one-week ago. We’ll see how this trades in the morning, because this looks largely in-line with previous estimates. Shares had gotten up to the higher-end of a recent trading range, so it is possible the fast money crowd was hoping for more since analog chip makers liek National Semi (NSM) recently did well on their guidance.

Jon C. Ogg
March 12, 2007

Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.

About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.