NEW YORK (AP) - After the market closes Monday, Texas Instruments Inc. is set to report its results for a quarter that proved kind to some other chip makers.
TI isn’t as deeply affected by PC sales trends _ its chips go into a broader array of devices, from phones to cars. But it raised its forecast for the quarter in June, saying demand is reviving, particularly in the industrial sector.
The Dallas-based company expects to report earning 60 cents to 64 cents per share for the second quarter on revenue of $3.45 billion to $3.59 billion.
Analysts polled by Thomson Reuters expect TI to earn 62 cents per share on $3.5 billion in revenue.
By Douglas Holtz-Eakin
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