Texas Instruments Quarterly Outlook Is Lifted Slightly

DALLAS, Sept. 11 (AP) — The chip maker Texas Instruments revised its third-quarter forecast on Tuesday, saying it expected earnings of 49 cents to 53 cents a share on revenue of $3.56 billion to $3.72 billion.

In July, the company said it expected fiscal third-quarter earnings of 46 cents to 52 cents a share on revenue of $3.49 billion to $3.79 billion.

The July sale of a semiconductor product line associated with D.S.L. equipment bolstered the per-share estimate by 2 cents, the company said.

Analysts polled by Thomson Financial predicted earnings of 49 cents a share on revenue of $3.66 billion for the quarter ending Sept. 30.

Before the report was released, Texas Instruments shares rose 50 cents, or 1.4 percent, to close at $35.72. The stock fell 40 cents in after-hours trading.

On Monday, Texas Instruments detailed plans to lay off 191 workers whose manufacturing jobs here were being eliminated and who could not find other positions at the company.

The layoffs will begin in early November and continue until the end of January, the company, which is based here, said. The workers will be put on paid leave for 60 days after their release, the company said.