Texas Instruments Lowers Q1 EPS and Revenue Guidance

Texas Instruments Incorporated (

)

today narrowed and lowered its expected ranges for revenue and earnings per share (

). 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.