NEW YORK: Texas Instruments Inc, the largest maker of analog semiconductors, forecast sales and profit that might beat analysts’ estimates on stronger orders for chips used in cars and industrial machinery. Third-quarter net income would be between US$0.81 and US$0.91 per share, the Dallas, Texas-based company said in a statement on Monday. Sales would be $3.34 billion to $3.62 billion, it predicted. Those forecasts compare with average analyst estimates of $0.81 per share on sales of $3.38 billion, according to data compiled by Bloomberg. In the second quarter, Texas Instruments’ net income rose to $779 million, or $0.76 per share, from $696 million, or $0.65, in the same period last year. Revenue rose 1.3 percent to US$3.27 billion, the firm said. Analysts on average had projected net income of US$0.73 per share on sales of US$3.2 billion.
Pakistan Customs seizes Rs158m worth of smuggled phones, liquor at Sost Dry Port
SOST: Pakistan Customs has seized contraband worth an estimated Rs158 million in two intelligence-based operations at Silk Route Dry Port,...
