Texas Instruments slumps as tariff uncertainty hits demand


FILE PHOTO: A Texas Instruments Office is shown in San Diego, California, U.S., April 24, 2018. REUTERS/Mike Blake/File Photo

(Reuters) -Texas Instruments' quarterly profit forecast failed to impress investors as it pointed to weaker-than-expected demand for its analog chips from some customers and underscoredtariff-related uncertainty.

Shares in the company slumped 12% in early European trading on Wednesday, tracking losses in extended trading on Wall Street on Tuesday. The shares have risen more than 13% this year.

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