Microchip Technology Announces Record Non-GAAP Earnings Per Share For First Quarter Fiscal Year 2016

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Go back to Microchip Technology Announces Record Non-GAAP Earnings Per Share For First Quarter Fiscal Year 2016

Susquehanna Cuts Price Target on Microchip Technology (MCHP) Following 1Q EPS Miss

August 4, 2015 6:46 AM EDT

Susquehanna reiterated a Positive rating on Microchip Technology (NASDAQ: MCHP), and cut the price target to $53.00 (from $56.00), following 1Q16 earnings results. MCHP reported revenue of $534 mln, below consensus estimate of $556.86 mln. EPS was reported at $0.69, missing consensus by $0.02. MCHP guided organic revenue (ex. MCRL) to $516 mln with EPS of $0.62 at the midpoint.

Analyst ChrisCaso commented,... More

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

August 3, 2015 4:48 PM EDT

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... More