Texas Instruments Gives Strong Forecast But Urges Caution

(Bloomberg) — Texas Instruments Inc. projected revenue in the current quarter that topped analysts’ estimates, saying orders haven’t fallen off as much in the coronavirus pandemic as they did in the last recession. The chipmaker’s executives, however, cautioned that the positive outlook isn’t a sign the economy is on the upswing.“It seems clear that things are a little shaky in the world economy,” Chief Financial Officer Rafael Lizardi said Tuesday in an interview. “My job is not to figure out where the world economy is going, it’s to put TI in the best position whatever happens.”Lizardi and his colleagues faced …read more

Source:: Yahoo Finance

Get our FREE Newsletter! Discover Stocks with +1,000% Upside Potential!
Join over 100,000 investors and business leaders worldwide. Discover the Next Super Stock before the rest of the crowd.
Your privacy is our priority. Your email address will never be sold or shared with anyone else.