Microchip Technology Announces Financial Results for Second Quarter of Fiscal Year 2019
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November 8, 2018 7:51 AM EST
Nomura/Instinet analyst Krysten Sciacca lowered the price target on Microchip Technology (NASDAQ: MCHP) to $95.00 (from $105.00) while maintaining a Buy rating following the company's 2Q. Microchip reported revenues of $1.51bn, in line with Street estimates. Gross margin for the quarter was 61.7%, well ahead... More
November 8, 2018 7:25 AM EST
Mizuho Securities analyst Vijay Rakesh lowered the price target on Microchip Technology (NASDAQ: MCHP) to $98.00 (from $110.00) while maintaining a Buy rating following the company's 2Q. MCHP reported SepQ rev/EPS of $1.5B/1.81$, inline with guidance but guided a weaker DecQ topline down... More
November 7, 2018 5:07 PM EST
Microchip Technology (NASDAQ: MCHP) reported Q2 EPS of $1.81, $0.08 better than the analyst estimate of $1.73. Revenue for the quarter came in at $1.51 billion versus the consensus estimate of $1.51 billion.
GUIDANCE:
Microchip Technology sees Q3 2019 EPS of $1.49-$1.64, versus the consensus of... More
