TI updates first-quarter 2012 business outlook

In a scheduled update to its business outlook for the first quarter of 2012, Texas Instruments Incorporated narrowed and lowered its expected ranges for revenue and earnings per share (EPS). The reductions are due to lower demand for Wireless products. The company currently expects its financial results to be within the following ranges: - Revenue: $2.99 – 3.11 billion compared with the prior range of $3.02 – 3.28 billion - EPS: $0.15 – 0.19 compared with the prior range of $0.16 – 0.24. Previous range given on January 23, 2012 Baseband revenue is expected to decline from $279 million in the fourth quarter to about $75 million in the first quarter, and range from $50 million to $100 million in each remaining quarter of 2012. EPS will be negatively impacted by about 9 cents from $170 million of total acquisition-related charges that will include about $150 million of acquisition charges and, additionally, about $20 million included in cost of revenue. Restructuring charges will negatively impact EPS by about 1 cent.