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Texas Instruments Fourth-quarter Revenue Outlook Below Estimates

Reuters

Last Updated: October 27, 2021, 02:08 IST

Texas Instruments Fourth-quarter Revenue Outlook Below Estimates

Texas Instruments Inc forecast fourthquarter revenue largely below Wall Street estimates on Tuesday, as the company struggles with supply chain constraints that have plagued the entire chip industry.

Texas Instruments Inc forecast fourth-quarter revenue largely below Wall Street estimates on Tuesday, as the company struggles with supply chain constraints that have plagued the entire chip industry.

A semiconductor shortage has caused a major delay in manufacturing activity, with automakers slashing output and electronic device makers struggling to keep up with red-hot demand driven by the shift to work-from-home.

The Dallas, Texas-based company forecast fourth-quarter revenue in the range of $4.22 billion to $4.58 billion. The range’s midpoint falls short of analysts’ estimate of $4.44 billion, according to Refinitiv data.

Total revenue rose 22% to $4.64 billion from $3.82 billion last year, just shy of estimates of $4.66 billion.

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(This story has not been edited by News18 staff and is published from a syndicated news agency feed)
first published:October 27, 2021, 02:08 IST
last updated:October 27, 2021, 02:08 IST
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