Texas Instruments has cut its revenue and earnings outlook for the first quarter, citing weakness in its wireless business and setting off a series of supply chain sleuths.
By the numbers, TI yesterday projected earnings of 15 cents a share to 19 cents a share for the first quarter. TI's previous range was 16 cents a share to 24 cents a share. The company added that its first quarter revenue will be $2.99 billion to $3.11 billion, down from its previous range of $3.02 billion to $3.28 billion.
TI blamed the cuts on "lower … Read more