Microchip Technology (MCHP) Narrows Financial Guidance for Q4
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Microchip Technology Narrows Financial Guidance for Fourth Quarter Fiscal 2018
March 1, 2018 4:01 PM ESTCHANDLER, 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
