Texas Instruments disappoints as Japan weighs on production

first_img TEXAS Instruments yesterday warned of slower-than-typical quarterly sales growth as it scrambles to restart production after Japan’s massive earthquake, and said it was unclear when the supply of the silicon and wafers it needs will return to normal.Shares of the chip maker, which plans to buy National Semiconductor Corp for $6.5bn (£4bn) in a bid to expand its hold over a booming analog chip market, slid 2.5 per cent after Texas’ earnings were also hurt by quake-related expenses.Texas is projecting growth of about five per cent for the current quarter, versus a typical nine per cent or more as the company contends with supply shortages as well as damage to its own factories.Texas on Monday forecast second-quarter earnings of 52 cents to 60 cents per share on revenue of $3.41bn to $3.69bn. Analysts had expected revenue of $3.52bn.Its first-quarter earnings also missed Wall Street expectations by a penny. Profit in the first-quarter rose to $666m, or 55 cents per share, from $658m, or 52 cents per share, in the year-ago quarter. Revenue rose six per cent to $3.39bn from $3.21bn, in line with the average analyst expectation for $3.39bn. Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMoneyPailShe Was An Actress, Now She Works In ScottsdaleMoneyPailmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsBetterBeDrones Capture Images No One Was Suppose to SeeBetterBe KCS-content whatsapp Texas Instruments disappoints as Japan weighs on production center_img Monday 18 April 2011 8:36 pm Tags: NULL Share More From Our Partners UK teen died on school trip after teachers allegedly refused her pleasnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com whatsapplast_img read more