Texas Instruments' Sales Beat Expectations, Defy China Trade Fears

Texas Instruments gave stronger-than-predicted sales and profit forecasts for the current quarter, indicating demand for chips may be starting to improve.Third-quarter earnings will be $1.31 to $1.53 a share on revenue of $3.65 billion to $3.95 billion, the Dallas-based company said Tuesday in a statement. On average, analysts predicted profit of $1.37 a share and sales of $3.84 billion, according to data compiled by Bloomberg. At the high end, that represents a revenue decline of 7.3% from a year earlier.  Continue reading...

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