Skip navigation
Watchlist Sponsored By :

LATEST TECHNOLOGY VIDEO


Current DateTime: 10:27:24 29 Nov 2009
LinksList Documentid: 19836971
Expiration DateTime: 11/29/2009 10:30:11 PM
    • The Good Entrepreneur Winner 

        Mathew Holloway, co-founder of Artica Technology, was revealed as the winner of CNBC's The Good Entrepreneur competition Thursday. Holloway will receive a prize fund worth 250,000 euros toward Artica's low-energy alternative to air conditioning.

    • Investing in Innovation in the UK 

        During the slowdown innovation companies struggled to raise financing to get off the ground. But now is the time to invest in new technologies, according to UK Innovation Investment Fund. Lord Drayson, UK Science & Innovation Minister, discusses the creation of the 15-year £1 billion fund aided by the UK government.

powered by digg
Texas Instruments Meets Forecasts, Cuts Guidance
By: Reuters | 21 Apr 2008 | 06:18 PM ET
Text Size

Texas Instruments said its quarterly profit rose from a year ago, but the company lowered its guidance for the second quarter, blaming weak demand for chips used in advanced cell phones.

Texas Instruments

TI, whose biggest client is Nokia, said profit rose to $662 million, or 49 cents a share, from $516 million, or 35 cents a share, in the year ago quarter.

TI said the latest quarterly numbers included a 6 cents per share tax benefit. Analysts expected earnings of 43 cents a share and a topline of $3.28 billion, according to a survey by Thomson Financial.

Revenue rose to $3.27 billion from $3.19 billion.

In March, TI forecast earnings per share of 41 cents to 45 cents on revenue $3.21 billion to $3.35 billion.

TI, a maker of chips for everything from televisions to industrial products, forecast second-quarter earnings per share of 42 cents to 48 cents on revenue of $3.24 billion to $3.5 billion.

Analysts had forecast earnings per share in a range of 44 cents to 51 cents, with revenue in a range of $3.32 billion to $3.54 billion. (See more on TI earnings in the CNBC video at left.)

"We have become more conservative with our outlook for the second quarter," Texas Instruments Chief Executive Rich Templeton said in a statement.

Nokia [NOK  Loading...      ()   ] disappointed investors last week when it said it expected the 2008 phone market to decline in terms of euros.

Shares of TI [TXN  Loading...      ()   ], which rose 3.34 percent to close at $30.59 Monday, were down more than 2 percent in extended trading.

Copyright 2009 Reuters. Click for restrictions.
Tools:
Print EmailAdd This share icon
  • digg share

CNBC HIGHLIGHTS

  • These four sectors will be the next to lead the market.
  • Zhu Zhu Pets are this year's must-have toy, fetching $40 or more on eBay.
  • T shirt man
  • From the why-didn’t-I-think-of-that file, we present Jason Sadler, a man whose job is wearing T-shirts.
  • It may be the most unusual guide to business you'll read.
  • Shopping for a gadget hound? The choices can be baffling. Here are a few that should be a hit.
  • "The Who" will be the halftime act for Super Bowl XLIV on Feb. 7 in Miami. Is the NFL behind the times?
ADD COMMENTS
Remaining characters


Current DateTime: 01:01:45 29 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 01:07:47 29 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 06:30:25 29 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 01:03:47 29 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters