DALLAS (dpa-AFX) - Texas Instruments Inc. (TXN), a maker of analog chips, Thursday lifted its first-quarter earnings and revenue outlook to the upper half of its prior expected range.
The Dallas, Texas-based company now expects earnings of $0.28 to $0.32 per share, compared to prior estimate of $0.24 to $0.32 per share. Earnings includes about $0.06 per share of acquisition and restructuring charges, and tax benefit of $0.06. Analysts currently estimate earnings of $0.31 per share for the first quarter. Analysts' estimates typically exclude one-time items.
The company now expects revenues of $2.80 to $2.91 billion compared to prior range of $2.69 to $2.91 billion. Analysts currently anticipate revenues of $2.80 billion for the quarter.
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