Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

TRENDING
Wuhan Virus Update: Health Expert Warns of ‘Super-Spreader’ of Viral Pneumonia
Wuhan Suspends Public Transit System Amid Virus Fears
Huawei Again Tops China’s Software Industry, Which MIIT Says Is Still Frail
LATEST
Months Needed to Develop Coronavirus Vaccine: Epidemiology Group
WHO Declines to Declare Chinese Virus a Global Health Emergency
Chinese Airlines Told to Provide Free Cancellations on Domestic Flights
China Aims to Halve New Solar Plant Subsidy Budget for in 2020
Scientists Dispute Whether Snakes Are Source of Wuhan Coronavirus In Humans
Chinese Company Buys UK Steel Trading Company Stemcor
ByteDance Is Seeking a New CEO for Its TikTok Business
China Issues Biosafety Certificates to Domestic GM Soybean, Corn Varieties
Rail Transport of Coal Grows at Slower Pace
E-Commerce Sites to Block Price Gouging on Health Products in Virus Outbreak
Wuhan Suspends Public Transit System Amid Virus Fears
Chinese Internet Companies to Give Away Nearly 15 Billion Yuan in New Year Red Envelopes
Huawei CEO Dismisses Impact of More U.S. Sanctions
Huawei Again Tops China’s Software Industry, Which MIIT Says Is Still Frail
Wuhan Virus Update: Health Expert Warns of ‘Super-Spreader’ of Viral Pneumonia
Airlines Stocks Plunge as Viral Pneumonia Outbreak Spreads
Wuhan Virus Update: China Confirms Human-to-Human Transmission
Meng Wanzhou’s Extradition Case Hearing Opens First Day
Embattled Leshi Edges Closer to Delisting With Widening Annual Loss
Meituan Co-Founder Wang Huiwen to Retire at Year End
Texas Instruments Sales Outlook Defies US-China Trade Fears

By Bloomberg / Jul 24, 2019 10:15 AM / Business & Tech

Scientific calculators are seen at the Cal-Comp Technology (Philippines) plant in Lipa City

Scientific calculators are seen at the Cal-Comp Technology (Philippines) plant in Lipa City

Texas Instruments gave stronger-than-predicted sales and profit forecasts for the current quarter, indicating demand for chips may be starting to improve.

Third-quarter earnings will be $1.31 a share to $1.53 a share on revenue of $3.65 billion to $3.95 billion, the Dallas-based company said Tuesday in a statement. On average, analysts predicted profit of $1.37 a share and sales of $3.84 billion, according to data compiled by Bloomberg. At the high end, that represents a revenue decline of 7.3% from a year earlier.

A better-than-feared outlook from Texas Instruments signals that a slump in orders for electronic components may end soon and helps counter concern that the China-U.S. trade dispute will hurt the overall economy. The company hasn’t experienced any sales hit related to trade or regional differences in orders, executives said on a conference call, repeating their stance that the industry is in a typical cycle of weaker demand that usually lasts about five quarters. Texas Instruments has now reported declining revenue for three consecutive quarters.

Related: Semiconductor Shares Dip on New Board After Explosive First Trading Day

Share this article
Open WeChat and scan the QR code