Texas Instruments Rallies After Chip Rebound Gains Momentum

Texas Instruments Inc. soared after giving a surprisingly robust forecast for the first quarter, indicating that demand for industrial equipment and vehicles is recovering from a rough patch. Revenue will be 4.32billionto4.32 billion to 4.68 billion in the first quarter, the company said in a statement Tuesday. The midpoint of that range exceeded the average estimate of 4.42billion.Profitintheperiodwillbeasmuchas4.42 billion. Profit in the period will be as much as 1.48 a share, compared with a projection of $1.26. Most Read from Bloomberg Photographer: ...