Texas Instruments–Sigh–Slashes Q4 Outlook

December 8, 2008 at 4:59 pm PT

Well, you knew this was coming. (Or you should have.)

Texas Instruments (TXN) this afternoon sharply reduced its Q4 outlook.

The chipmaker now sees Q4 revenue of $2.3 billion to $2.5 billion, down from previous guidance of $2.83 billion to $3.07 billion. The company sees profits of 10-16 cents a share, down from 30-36 cents. The Street consensus had been $2.91 billion and 31 cents. While expectations of reduced guidance were widespread, I’m not sure that anyone thought it would be quite this bad.

Read the rest of this post

Tagged with: Barrons, chips, Eric Savitz, frontpage, guidance, Tech Trader Daily, Texas Instruments

comments so far. Add yours.

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Web Sites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other Web sites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Voices is edited by Beth Callaghan.