(Reuters) – TEXAS tool predicts third-quarter revenues on Tuesday, even as U.S. tariff negotiations result in macroeconomic uncertainty, demand for its simulated chips recovered.
According to data compiled by LSEG, the company expects revenue in the third quarter to be between $4.45 billion and $4.8 billion, while analysts' average estimate is $4.59 billion.
However, its forecast for September quarterly profit is slightly higher than estimates. The company expects earnings per share to be between $1.36 per share and $1.60 per share, with a point below the estimated earnings per share of $1.49.
The company's shares fell 8% in expansion trading. The stock has risen more than 13% this year, with high expectations from investors looking for a massive revival in the analog chip market.
TI is the first among major U.S. chipmakers to report earnings in June, which has brought the results to the spotlight. Given its widespread use of chips, it is also known as a demand indicator for various industries.
(Reported by Arsheeya Bajwa in Bangalore; Editor of Anil d'Ilva)