Microchip Technology (MCHP) Tops Q4 EPS by 2c; Guides Q1 In-Line
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Microchip Technology Announces Record Financial Results For Fourth Quarter And Fiscal Year 2016
May 4, 2016 4:19 PM EDTCHANDLER, Ariz., May 4, 2016 /PRNewswire/ --
For Fiscal Year 2016 Record Non-GAAP net sales of $2.214 billion. Record GAAP net sales of $2.173 billion. On a non-GAAP basis: gross margins of 58.1%; operating income of $685.4 million; net income of $583.3 million and record EPS of $2.68 per diluted share. On a GAAP basis: gross margins of 55.5%; operating income of $352.3 million; net income of $324.1 million; and EPS of $1.49 per diluted share. There was no First Call published estimate for GAAP EPS. For the quarter ended March 31, 2016... More