Texas Instrumentsreported a profit that fell and missed forecasts by a penny, and the semiconductor maker gave a forecast for the fourth quarter that was lower than analysts' projections.
The company reported a profit of 43 cents a share in the third quarter on sales of $3.39 billion, against earnings of 52 cents a share on sales of $3.663 billion last year.
Looking ahead, Texas Instruments says it expects sales to decline "substantially" in the current quarter.
Looking ahead, fourth quarter, below analysts' consensus forecast of 42 cents a share.
The company's sales outlook of between $2.83 billion and $3.07 billion for the fourth quarter also is lower than expectations of $3.34 billion.