Tuesday January 22 2013 06:00:15 PM from marketwatch

Texas Instruments' profit falls 11% on weak demand



Texas Instruments Inc.'s TXN fourth-quarter profit fell 11% as the chip maker continued its shift away from the mobile market amid a shifting global economy. For the current quarter, the company expects per-share earnings of 24 cents to 32 cents, including six cents in acquisition and other charges and six cents in tax benefits.