LOS ANGELES-Texas Instruments Inc.’s shares fell 1.6 percent as the chip maker announced its fourth-quarter revenue and earnings per share will fall within the mid range of its projected estimates.
The company said it anticipates revenue of $3.02 billion to $3.14 billion, with earnings per share of 25 cents to 27 cents. In October, the chip bellwether had estimated revenue of $2.96 billion and $3.2 billion on EPS of 24 cents to 28 cents.
