Microchip Technology (MCHP) Narrows Q4 Outlook
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Microchip Technology Updates Guidance for Net Sales and Non-GAAP EPS for Fourth Quarter of Fiscal 2017
February 28, 2017 4:15 PM ESTCHANDLER, Ariz., Feb. 28, 2017 (GLOBE NEWSWIRE) -- Microchip Technology Incorporated (NASDAQ: MCHP), a leading provider of microcontroller, mixed signal, analog and Flash-IP solutions, today narrowed the range of its prior guidance for net sales and non-GAAP earnings per share for its fiscal fourth quarter of 2017 ending March 31, 2017. Microchip previously provided guidance on February 7, 2017 for consolidated net sales to be down 1% to up 3% with a mid-point of up 1%. Microchip now expects consolidated net sales to be down 0.5% to up 2.5% with a mid-point unchanged at 1% and non-GAAP earnings per share to be between $1.02 and $1.10 per... More
