ANALOG DEVICES, INC.

ADI

Delayed Nasdaq - 04:00:00 2023-02-03 pm EST
178.82 USD	-0.27%

Texas Instruments forecasts first-quarter revenue below expectations

01/24/2023 | 04:06pm

(Reuters) - Chipmaker Texas Instruments forecast first-quarter revenue below Wall Street targets on Tuesday on concerns that a wider economic downturn would shake last year's resilient demand in its key industrial and automotive markets.

The company expects revenue of $4.17 billion to $4.53 billion, the mid-point of which is lower than analysts' average estimate of $4.41 billion, according to Refinitiv data.

(Reporting by Chavi Mehta in Bengaluru; Editing by Devika Syamnath)

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