Chip maker Texas Instruments (TXN) this afternoon said it narrowed the top and bottom of its EPS forecast for the Q2 ending this month.
The company now sees EPS in a range of 38 cents to 42 cents, versus a prior 36 cents to 44 cents estimate, excluding a six-cent-per-share acquisition charge. The company narrowed its Q2 revenue range to $3.28 billion to $3.42 billion from a prior $3.22 billion to $3.48 billion.
Those ranges are in line with the Street consensus of $3.36 billion and 41 cents a share.
TI’s conference call with analysts started at 5 pm eastern, and the webcast can be found here.
TI shares were up 17 cents, or 0.6%, at $27.82 in late trading.
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