Featured Articles

Nvidia GTX 980 reviewed

Nvidia GTX 980 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Nvidia adjusts GTX 980 and GTX 970 pricing

Nvidia adjusts GTX 980 and GTX 970 pricing

It appears that Nvidia has been feeling the pulse of the market and took some note from comments regarding the original…

More...
iPhone 6 and 6 Plus reviews are up and they are good

iPhone 6 and 6 Plus reviews are up and they are good

Apple is dancing the same dance year after year. It releases the iPhone and two days before they start shipping it…

More...
Amazon announces three new tablets

Amazon announces three new tablets

Amazon has just released three new tablets starting with the $99 priced 6-inch Kindle Fire HD6. This is a 6-inch tablet…

More...
PowerColor TurboDuo R9 285 reviewed

PowerColor TurboDuo R9 285 reviewed

Today we will take a look at the PowerColor TurboDuo Radeon R9 285. The card is based on AMD’s new…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 12 September 2012 10:17

Texas Instruments surprises Wall Street

Written by Nick Farrell



Forecasts better than expected results

The cocaine nose jobs of Wall Street have been spluttering into their espressos after Texas Instruments announced that it is set to beat their low end estimates. Wall Street had smuggly declared that since TI was operating in a weaker economy it must be suffering from poor orders. However it seems that TI didn't get the memo.

It announced that profit will be 38 cents to 42 cents a share on revenue of $3.27 billion to $3.41 billion. Analysts on average had predicted earnings of 38 cents on sales of $3.34 billion in the current period. Sales rise about now because manufacturers are ramping up production for year-end holiday shoppers. While demand remains below normal, the report indicated that Texas Instruments is holding its own even as some regions recover slowly from an economic slump.

The chipmaker said revenue and profit were boosted by a $60 million insurance benefit from last year’s earthquake in Japan, as well as cost cuts.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments