More on Texas Instruments (TXN): Q2 largely in-line with estimates but comes up short on its 3Q...

|About: Texas Instruments Inc. (TXN)|By:, SA News Editor

More on Texas Instruments (TXN): Q2 largely in-line with estimates but comes up short on its 3Q guidance, with both EPS and revenue falling short of Street expectations. It now sees non-GAAP EPS to be around $0.41-$0.49, including $0.07 of acquisition/restructuring charges. The numbers are still a miss however, with Street estimates coming in at $0.50 per share. The company blames weak economic conditions for causing customers and distributors to become "increasingly cautious" in placing new orders.