DALLAS – Computer chip maker Texas Instruments (TI) on Monday reiterated its outlook for the first quarter and said semiconductor orders it received in the first two months of the quarter were strong compared with orders in the fourth quarter.
The Dallas-based company said if the strength in orders continued, semiconductor revenue should grow sequentially in the second quarter.
The company's book-to-bill ratio could be close to one for the first quarter, it said.
Chairman, president and chief executive Tom Engibous said at a conference the firm still expects to post revenues about even with the fourth quarter and break even on proforma earnings per share in the first quarter.
Analysts' earnings estimates range from a loss of two cents per share to nil per share, with a mean estimate of nil, according to earnings tracking firm Thomson Financial/First Call.