Texas Instruments rises on upbeat quarterly revenue forecast
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Shares of Texas Instruments TXN.O rise 5.5% to $160.5 in extended trading
Company expects Q2 revenue in the range of $4.17 billion to $4.53 billion, vs analysts' average estimate of $4.10 billion, according to data compiled by LSEG.
TI expects earnings between $1.21 per share and $1.47 per share for the second quarter, compared with analysts' average estimate of $1.23 per share
Up to last close, stock down ~19% YTD
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