It appears that the weakness being seen in many of the mobile handset makers isn’t really hurting Texas Instruments (NYSE: TXN). The company gave its mid-quarter update and narrowed its prior guidance to levels that are actually above the First Call consensus:
The new revenue range is $3.50 to $3.66 Billion, with consensus at $3.56 Billion.
The new EPS range is $0.50 to $0.54, with consensus at $0.50.
Shares of Texas Instruments (NYSE:TXN) closed up 0.6% at $32.67 today, but shares are up almost 4% at $33.94 in after-hours trading. The 52-week trading range is $28.24 to $39.63.
Even the Semiconductor HOLDRs (AMEX:SMH) rose 0.9% to $34.00 in after-hours trading.
Jon C. Ogg December 10, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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