UPDATE: Texas Instruments Cuts Q2 EPS and Revenue Guidance

Texas Instruments Incorporated TXN today narrowed and lowered its expected ranges for revenue and earnings per share. The company currently expects its financial results to be within the following ranges: Revenue: $3.36 – 3.50 billion, compared with the prior range of $3.41 – 3.69 billion; EPS: $0.51 – 0.55, compared with the prior range of $0.52 – 0.60