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SAN FRANCISCO VeriFone Systems Inc. reported on Thursday a fiscal fourth-quarter profit of $ 27 million, or 24 cents a share, on $ 485.4 million in revenue, compared with earnings of $ 199 million, or $ 1.84 a share, on sales of $ 410.7 million, in the same period a year ago. Excluding one-time items, the provider of electronic-payment systems would have earned 76 cents a share and revenue of $ 489 million. Analysts surveyed by FactSet had forecast VeriFone to earn 76 cents a share on $ 496.7 million in sales. For its first quarter, VeriFone estimates it will [...]

SAN FRANCISCO Texas Instruments Inc. on Monday narrowed its sales and earnings outlook for the fourth quarter. The Dallas-based chip maker said it now expects revenue in the range of $ 2.89 billion to $ 3.01 billion, compared with a previous range of $ 2.83 billion to $ 3.07 billion. TI also said it now expects a profit of 5 cents a share to 9 cents a share, compared with a prior outlook of 23 cents a share to 31 cents a share. The company’s earnings per share estimate includes charges worth 21 cents a share in connection with TI’s [...]

Dow Chemical Co said it will post a fourth-quarter charge of as much as $ 1.1 billion related to last week’s announcement that it will close 20 plants and lay off thousands of workers. The largest U.S. chemical maker said the restructuring program — its second of 2012 — was necessary due to dropping demand for its plastics and other products. Dow will record a charge of $ 900 million to $ 1.1 billion for the layoffs, plant closures, as well as the write-down of Dow-Kokam LLC, Dow’s lithium ion battery joint venture. The disclosure came as part of a [...]

SEOUL Samsung Electronics Co, the world’s top technology firm by revenue, forecast on Friday global computer memory chip shipments would increase by 10 percent or slightly more in the current quarter and said it plans to grow faster than the broader market. The world’s top memory chipmaker sees global shipments of NAND chips growing in the mid-20 percents in the current quarter sequentially, led by new mobile product launches, and Samsung again plans to grow faster than the market. (Reporting by Miyoung Kim; Editing by John Mair)

Intel Corp forecast fourth-quarter revenue and margins below Wall Street’s expectations, as the personal computer industry weathers a shaky global economy and a persistent shift by consumers toward tablets. International Business Machines reported revenues below analysts’ targets with technology spending held back by a waning global economy, helping send its shares lower. Commentary Intel: STACY RASGON, ANALYST, SANFORD C. BERNSTEIN & CO “I’m always amazed that they can preannounce and still beat it. Although some of it looks like it was from a tax beat — some revenue upside, some gross margins. The Q4 guide is weak, revenue and particularly [...]

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