Reported about 4 hours ago
Texas Instruments has released a disappointing earnings forecast, indicating ongoing sluggish demand in the chip market and rising manufacturing costs. The company anticipates profits to fall short of analysts' expectations, with its forecast driven by persistent downturns in the industrial and automotive sectors, which collectively represent a significant portion of its revenue. Although fourth-quarter results surpassed estimates, the overall outlook remains bleak with a potential for further sales declines.
Source: YAHOO