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Texas Instruments Raises Forecasts DALLAS, June 7 (AP) - Texas Instruments raised its second-quarter earnings forecast Tuesday and refined its revenue outlook, citing higher demand for semiconductor products and seasonal growth for educational calculators. The company said it expected earnings of 27 cents to 30 cents a share for the quarter, up from a prior forecast of 25 cents to 29 cents. Analysts surveyed by Thomson Financial expect the company to earn 27 cents a share. Texas Instruments also projected second-quarter revenue of $3.12 billion to $3.24 billion, raising the low end of its forecast from $3 billion. The company forecast higher revenue ranges for semiconductors, sensors and controls, and educational and productivity products. Analysts expect the company to post revenue of $3.14 billion for the quarter. Texas Instruments, which is based in Dallas, released its forecast after the close of market trading and its shares rose 57 cents, or 2.1 percent, in after-hours trading. News Sourcehttp://www.nytimes.com
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