Ashok Kumar, an analyst at Raymond James, told CNBC’s “Squawk Box” that he expects Texas Instruments’ earnings to improve in the second half of the year.
Texas Instruments is scheduled to report first quarter earnings after the market close on Monday. The consensus Wall Street estimate is 31 cents a share on revenue of $31.5 billion.
“I think expectations are low going in to the earnings result, about 10% sequential revenue decline which reflects moderating growth in the global handset market,” Kumar said Monday. “In the March quarter, global unit shipments dropped to about 10% growth year-on-year – about half the growth of the preceding four quarters.”
Kumar said Texas Instruments’ results can’t match Intel’s .