Microchip Technology (MCHP) Misses Q1 EPS by 2c; Issues Light Q2 Outlook

Microchip Technology (NASDAQ: MCHP) reported Q1 EPS of $0.69, $0.02 worse than the analyst estimate of $0.71. Revenue for the quarter came in at $534 million versus the consensus estimate of $556.86 million.

Microchip Technology sees Q2 2016 EPS of $0.58-$0.66, versus the consensus of $0.76. Microchip Technology sees Q2 2016 revenue of $532-569 million, versus the consensus of $575.4 million.

For earnings history and earnings-related data on Microchip Technology (MCHP) click here.

You May Also Be Interested In

• Alibaba stock dips as Q2 profit misses estimates despite strong AI cloud growth
• Wolfspeed (WOLF) Misses Q4 EPS by 174c; Offers Guidance
• Navios Maritime Partners (NMM) Tops Q2 EPS by 34c