Microchip Technology (MCHP) Raises Q1 Guidance
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/29/2026
- Wall Street ends lower after Fed Chair Warsh reaffirms inflation fight
- Fed chair Warsh kicks off Jackson Hole keynote address
- PayPal tumbles as Advent, Stripe said to drop $50 bln pursuit
- Oil settles lower on clues about Fed policy, rumors of Hormuz deal
- Dollar jumps after Warsh comments, set for weekly gain
- McKesson reports cybersecurity incident affecting its information systems
- Mizuho is bullish on Broadcom ahead of Sept. 2 earnings, citing 30-quarter streak
- BioNTech ends colorectal cancer mRNA therapy trial early
- Wall Street ends lower after Fed Chair Warsh reaffirms inflation fight
- Needham sees mature node semiconductor strength in latest tracker
Microchip Technology Increases Guidance for Net Sales and EPS for First Quarter of Fiscal 2018
June 5, 2017 4:24 PM EDTCHANDLER, Ariz., June 05, 2017 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) - Microchip Technology Incorporated, a leading provider of microcontroller, mixed signal, analog and Flash-IP solutions, today improved the range of its prior guidance for net sales and earnings per share for its fiscal first quarter of 2018 ending June 30, 2017. Microchip previously provided guidance on May 9, 2017 for consolidated net sales to be up 2% to 7%, with a midpoint of 4.5%. Microchip now expects consolidated net sales to be up 4.5% to 6% with a mid-point of up 5.25%. GAAP earnings per share are expected to be between 62 cents and 64 cents, and... More
