Big tech companies are continuing a turnaround from last year, as Alphabet, Microsoft and Snap kicked off earnings season with strong sales results for the quarter ended in September.
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Texas Instruments forecasts dull Q4 as industrial weakness deepens thesundaily.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thesundaily.my Daily Mail and Mail on Sunday newspapers.
Texas Instruments' biggest by revenue share – was down in the mid-teens percentage in the third quarter, with the weakness pervading all regions except Japan, Dave Pahl, head of investor relations at TI, told analysts. The company forecast current-quarter revenue between $3.93 billion and $4.27 billion, compared with analysts' average estimates of $4.49 billion, according to LSEG data. TI forecast profit per share between $1.35 and $1.57, below estimates of $1.76 per share as it had to lower its