Texas Instruments Lowers Q1 EPS and Revenue Guidance

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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.
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