Texas Instruments forecasts weak earnings to reflect coronavirus threat

Texas Instruments forecasts weak earnings to reflect coronavirus threat

4 years ago
Anonymous $9CO2RSACsf

https://www.reuters.com/article/us-texas-instrument-results/texas-instruments-forecasts-weak-earnings-to-reflect-coronavirus-threat-idUSKCN22333K

Texas Instruments Inc on Tuesday forecast current-quarter revenue and profit largely below Wall Street estimates after posting first-quarter results above expectations, as the chip industry braces for a big hit from the coronavirus outbreak.

Texas Instruments forecasts weak earnings to reflect coronavirus threat

Apr 21, 2020, 10:26pm UTC
https://www.reuters.com/article/us-texas-instrument-results/texas-instruments-forecasts-weak-earnings-to-reflect-coronavirus-threat-idUSKCN22333K >Texas Instruments Inc on Tuesday forecast current-quarter revenue and profit largely below Wall Street estimates after posting first-quarter results above expectations, as the chip industry braces for a big hit from the coronavirus outbreak.