Texas Instruments narrowed its expected ranges for revenue and earnings per share (EPS). The company now expects:
- Revenue: $1.79 - $2.05 billion, compared with the prior range of $1.62 - $2.12 billion
- EPS: $0.08 loss - $0.00 breakeven, compared with the prior range of $0.11 loss - $0.03 profit.
The EPS estimate includes $0.04 per share impact resulting from about $80 million of estimated restructuring charges. Previously, the company had estimated restructuring charges of about $50 million in the quarter, or $0.03 per share.
http://www.ti.com/ir
