Microchip Technology (MCHP) Raises Q1 Guidance

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Go back to Microchip Technology (MCHP) Raises Q1 Guidance

Microchip Technology Increases Guidance for Net Sales and EPS for First Quarter of Fiscal 2018

June 5, 2017 4:24 PM EDT

CHANDLER, 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