Microchip Technology (MCHP) Narrows Financial Guidance for Q4

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Go back to Microchip Technology (MCHP) Narrows Financial Guidance for Q4

Microchip Technology Narrows Financial Guidance for Fourth Quarter Fiscal 2018

March 1, 2018 4:01 PM EST

CHANDLER, Ariz., March 01, 2018 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) Microchip Technology Incorporated, a leading provider of microcontroller, mixed signal, analog and Flash-IP solutions, today narrowed the range of its prior guidance for net sales and GAAP and non-GAAP earnings per share for its fiscal fourth quarter of 2018 ending March 31, 2018.  Microchip previously provided guidance on February 6, 2018 for consolidated net sales to be up 1% to down 3% with a mid-point of down 1%.  Microchip now expects consolidated net sales for the March quarter to be flat to down 2% with a mid-point of down 1%.  GAAP earnings per share is... More