Vladimír Urbánek (Kurzy.cz)
World markets  |  July 24, 2012 11:41:39

Profit and sales outlook Texas Instruments disappointed markets

World leading manufacturer of analog chips for Texas Instruments 2Q of this year recorded a net profit decline by about 33% to 446 mill.USD = 38 cents per share. Revenues fell by 3.6% to 3.34 mld.USD. The decline in demand has been felt mostly parts for digital TV sectors and automobiles, the demand for processors for mobile phones was also reduced.

The management company reported that profit for Q3 is expected between 34 to 42 cents per share on revenues of between 3.21 to 3.47 mld.USD. The market so far, on average, an estimated 43 cents of profit on 3.53 billion sales.

TI's shares in post-trading phase of the U.S. trade stagnated. Since the beginning of the title lost by the end of yesterday's 7.9%.
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