Texas Instruments falls; forecasts Q3 revenue above estimates

Shares of chipmaker Texas Instruments TXN.O fall 7.2% to $199.5 after the bell

TXN expects Q3 revenue between $4.45 billion and $4.80 billion vs analysts' average estimate of $4.59 billion — LSEG

Sees Q3 EPS between $1.36 and $1.60, with midpoint coming below estimates of $1.49

Company says its Q3 forecast "does not include changes related to recently enacted U.S. tax legislation"

Posts Q2 revenue of $4.45 billion, above estimates of $4.36 billion

TXN had risen 14.6% YTD