Microchip (MCHP) Reduces Q2 EPS, Sales Outlook
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Price: $78.69 +5.36%
Revenue Growth %: +41.2%
Financial Fact:
Total operating expenses: 407.59M
Today's EPS Names:
OCCI, IPX, ALZN, More
Revenue Growth %: +41.2%
Financial Fact:
Total operating expenses: 407.59M
Today's EPS Names:
OCCI, IPX, ALZN, More
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Microchip Technology Incorporated (NASDAQ: MCHP), announced today that it expects its net sales for its second quarter of fiscal 2012 ending September 30, 2011, to be down about 9.1% sequentially and be about $340.6 million. The Street sees $362 million.
On August 4, 2011, Microchip provided guidance of net sales to be down sequentially by 1% to 6% (or $352.0 to $370.8 million). Microchip also announced today that second quarter fiscal 2012 GAAP earnings per share is expected to be approximately 38 to 40 cents and non-GAAP earnings per share is expected to be approximately 45 to 47 cents. The Street sees 52 cents per share.
On August 4, 2011, Microchip provided guidance of GAAP EPS of 44 to 48 cents and non-GAAP EPS of 50 to 54 cents for the second quarter of fiscal 2012. There will be no conference call in conjunction with today’s press release.
On August 4, 2011, Microchip provided guidance of net sales to be down sequentially by 1% to 6% (or $352.0 to $370.8 million). Microchip also announced today that second quarter fiscal 2012 GAAP earnings per share is expected to be approximately 38 to 40 cents and non-GAAP earnings per share is expected to be approximately 45 to 47 cents. The Street sees 52 cents per share.
On August 4, 2011, Microchip provided guidance of GAAP EPS of 44 to 48 cents and non-GAAP EPS of 50 to 54 cents for the second quarter of fiscal 2012. There will be no conference call in conjunction with today’s press release.
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