Microchip Technology Analysts Increase Their Forecasts After Better-Than-Expected Q1 Results
Microchip Technology MCHP reported better-than-expected earnings for the first quarter on Thursday.The company posted quarterly earnings of 27 cents per share which beat the analyst consensus estimate of 23 cents per share. The company reported quarterly sales of 1.054 billion.Microchip Technology said it sees second-quarter adjusted EPS of 34 cents to 37 cents per share, versus market estimates of 30 cents per share. The company projects sales of ...