Texas Instruments (TXN) Cuts Q1 Outlook Well Below the Street

March 8, 2012 4:32 PM EST
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Price: $264.36 -0.47%

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Net income: 968M

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Texas Instruments (NYSE: TXN) lowered its Q1 EPS guidance from 16-24 cents to 15-19 cents, which compares to the Street estimate of 31 cents. Sales move from $3.02-$3.28 billion to $2.99-$3.11 billion, vs. the consensus of $3.16 billion.

The company cited lower demand for its wireless products.


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