TI updates Q4 2005 outlook

In a scheduled update to its business outlook for the fourth quarter of 2005, Texas Instruments Inc. (TI) narrowed its expected ranges for revenue and earnings per share (EPS).

TI's expectations for revenue are:
?Total revenue between $3.56 billion and $3.705 billion, compared with the prior range of $3.425 billion to $3.715 billion;
?Semiconductor revenue between $3.2 billion and $3.325 billion, compared with the prior range of $3.075 billion to $3.325 billion;
?Sensors and controls revenue between $295 million and $305 million, compared with the prior range of $290 million to $310 million; and
?Educational and productivity solutions revenue between $65 million and $75 million, compared with the prior range of $60 million to $80 million.

TI disclosed that they expect EPS between 38 cents and 40 cents, compared with the previous range of 36 cents to 40 cents.