Texas Instruments falls after hours, performance outlook falls short of optimistic expectations.

The stock price of Texas Instruments fell in after-hours trading. Earlier, the company's revenue forecast fell short of the most optimistic market expectations. The company stated in a statement on Tuesday that third-quarter revenue will reach between $4.45 billion and $4.8 billion. Although analysts' average estimate was $4.57 billion, some predictions went as high as $4.8 billion. This outlook has raised concerns that spending recovery may not come as quickly as expected, especially in the automotive and industrial customer sectors. Many buyers have been delaying orders and digesting existing inventory.