It is said due to concerns about economic situation, it caused the decline in demand for chips, Texas Instruments, the company's sales at third quarter fell, the company forecast for the quarter chip sales will be more subdued. Texas Instruments chips are widely used in consumer electronics and industrial equipment. The company reported earnings, at third-quarter profit was $ 784 millions, an average profit of 67 cents per share, higher than the same period last year, $ 601 million and 51 cents. Quarter sales fell to $ 3.39 billion from $ 3.47 billion in the same period last year. U.S. chip manufacturers have suffered from the double impact of the weak global economy and the shock of the PC industry. After the global credit crisis, TI dollars to buy inexpensive equipment now stumbled trying to use it to fill production capacity. Chief Financial Officer, Kevin Ma song said in an interview: "On the whole customers specially care, and they are very worried about their inventory levels, so we see the orders are not their plan quarterly orders, orders reduce transparency." On the other hand, due to Texas Instruments chip plant's manufacturing capacity can not fully use, investors began to worry about the earnings prospects of the company. Changjon research's analyst, Feeney pointed out that: "due to macroeconomic expected the recession with Texas Instruments excess manufacturing capacity (only 75% of manufacturing capacity), the company will face a long-term pressure to fill these capabilities." Texas Instruments company forecasts at fourth quarter earnings per share is 23-31 cents on sales of 2.83-3.07 billion U.S. dollars. , According to a Thomson Reuters survey, analysts on average forecast for the quarter to reach $ 3.24 billion in sales. |
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Texas Instruments' Profit At Third-quarter Is $ 784 Millions