- Associated Press - Friday, July 16, 2010

NEW YORK (AP) - Texas Instruments Inc. reports its second-quarter results after the market closes Monday.

WHAT TO WATCH FOR: TI’s sales are recovering from a steep dive during the recession. Analysts expect that it recovered to pre-recession levels in the just-ended quarter, as manufacturers ramp up production of electronics that use TI chips and build inventories.

Chip makers Intel Corp. and Advanced Micro Devices Inc. have already reported strong results for the quarter. In June, TI raised its forecast for the quarter, saying demand is reviving in the industrial sector. Meanwhile, TI’s stock has been trading in a tight range since the middle of last year, and has yet to recover to pre-recession highs.

WHY IT MATTERS: TI’s chips are used in a range of products, from cars to manufacturing equipment to communications gear.

WHAT’S EXPECTED: The company has said it expects a profit of 60 cents to 64 cents per share in the second quarter, and 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.

LAST YEAR’S QUARTER: In the second quarter of 2009, the Dallas-based company earned $260 million, or 20 cents per share, on revenue of $2.46 billion.

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