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Texas Instruments Trims Q3 Financial Outlook; Sees "Broadly Lower Demand"

Texas Instruments this afternoon reduced its financial outlook for the third quarter. In a scheduled update, the company said it now sees revenue for the quarter of $3.23 billion to $3.37 billion, down from a previously forecast range of $3.4 billion to $3.7 billion, with profits of 56-60 cents a share, compared with a previously ...