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.

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