Texas Instruments Lowers Q1 EPS and Revenue Guidance

Texas Instruments Incorporated (TI) TXN today narrowed and lowered its expected ranges for revenue and earnings per share (EPS). The reductions are due to lower demand for Wireless products. The company currently expects its financial results to be within the following ranges: Revenue: $2.99 – 3.11 billion compared with the prior range of $3.02 – 3.28 billion EPS: $0.15 – 0.19 compared with the prior range of $0.16 – 0.24.