You can now read 10 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

The Boston Globe

Business

Market Movers

Chip maker trims outlook for quarter

The company plans to cut 1,700 jobs worldwide.

LM Otero/Associated Press

The company plans to cut 1,700 jobs worldwide.

Continue reading below

Texas Instruments Inc. shares rose after the chip maker narrowed its earnings and sales forecast for the fourth quarter. The company continues to wrestle with weak demand and the impact of the recent restructuring of its wireless chip business. But one analyst said the midquarter update “was slightly better than expected.” The company expects sales of $2.89 billion to $3.01 billion, versus previous guidance of up to $3.07 billion. The per-share outlook was trimmed to 5 to 9 cents from a previous 23 to 31 cents.

Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week