Texas Instruments Quarterly Sales Top Analysts’ Estimates
- Covid-19 ‘reduced visibility of customer demand,’ company says
- Chipmaker sees orders falling in May, after chip stockpiling
Photographer: Daniel Acker/Bloomberg
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Texas Instruments Inc. reported first-quarter revenue that beat analysts’ estimates, helped by customers stocking up on components to avoid potential supply disruptions caused by the Covid-19 pandemic. It also forecast sales that exceeded some Wall Street expectations.