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Texas Instruments adjusts Q109 outlook
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Texas Instruments has narrowed its expected revenue ranges for the first quarter of 2009 in a preliminary outlook adjustment prior to the quarter’s end on March 31st.
Revenue for the quarter is forecasted to fall within the $1.79 - $2.05 billion range, not $1.62 - $2.12 billion as previously guided. Earnings per share have also been adjusted to a $0.08 loss to $0.00 breakeven range compared with the prior range of $0.11 loss - $0.03 profit.
Restructuring charges of $0.04 per share impact resulting from about $80 million of estimated restructuring charges have been included in the earnings per share alteration. The company had previously pegged restructuring charges at approximately $50 million for the quarter, or $0.03 per share.