Texas Instruments narrows forecasts

Texas Instruments Inc., the biggest maker of mobile-phone chips, said fourth-quarter sales would climb to at least $3.5 billion, raising the low end of its forecast.

Sales will increase to as much as $3.66 billion, the Dallas-based company said. That compares with a prediction of $3.4 billion to $3.68 billion made when Texas Instruments delivered quarterly results Oct. 22.

The company also raised the low end of its profit forecast. Excluding some costs, earnings will increase to 50 cents to 54 cents a share, it said. It had predicted 48 cents to 54 cents.