MANHASSET, N.Y. In its mid-quarter update, Texas Instruments Inc. said Monday it expected first-quarter 2006 sales of $3.22 to $3.35 billion, compared with the prior range of $3.11 to $3.38 billion.
TI (Dallas) said it expects semiconductor revenue of $3.15 to $3.28 billion, compared with the prior range of $3.05 to $3.30 billion. Educational & Productivity Solutions revenue is slated to be $65 to $75 million, compared with $60 to $80 million projected earlier.
The company expects earnings per share from continuing operations 31 to 33 cents, compared with 29 to 33 cents previously. Both the current and previous ranges for earnings per share include about 4 cents for stock-based compensation expense.