Chipmaker TI forecasts earnings below estimates as automotive begins to falter


A Texas Instruments Office is shown in San Diego California U.S. April 24 2018.  REUTERSMike BlakeFile Photo

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

(Reuters) -Texas Instruments forecast quarterly revenue and profit below market estimates on Tuesday, as chip inventory builds up in its key markets with initial signs of weakness in the automotive sector adding to continued industrial weariness.

The analog chipmaker's shares fell about 4% in extended trading.

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