Texas Instruments, whose chips are used in products ranging from cars to cellphones, on Thursday narrowed its third-quarter earnings and revenue outlook but kept the mid-point of its forecast range.
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It said it now expects third-quarter earnings of 66 cents to 72 cents per share on revenue of $3.62 billion to $3.78 billion, implying a midpoint of 69 cents and $3.70 billion.
The new outlook appeared to be in line with the average analyst expectation for earnings of 69 cents a share on revenue of $3.689 billion according to Thomson Reuters.
In July, TI had set a quarterly earnings target of 64 cents to 74 cents per share on revenue of $3.55 billion to $3.85 billion, implying a mid-point of 69 cents and $3.70 billion.
Shares of TI were more than 1 percent lower in after-hours trading Thursday. Get after-hour quotes for Texas Instruments here.
The shares closed [TXN 23.70 
-0.14 (-0.59%) 
] at $23.84 in the regular New York Stock Exchange session.
-0.14 (-0.59%) ] at $23.84 in the regular New York Stock Exchange session.
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