Texas Instruments Inc. (TXN). The chipmaker said its third-quarter earnings and revenue would be worse than already low expectations as concern about an economic slowdown is stifling demand for products that use its chips. It forecast third-quarter earnings of 56 cents to 60 cents per share compared with its previous expectation for 55 cents to 65 cents.
Texas Instruments stock is holding up well, up 0.52 to 26.30
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