Microchip Technology Announces Record Net Sales for Fourth Quarter and Fiscal Year 2017
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Needham & Company Remains Bullish on Microchip Technology (MCHP) Following 4Q17 Results
May 10, 2017 7:11 AM EDTNeedham & Company reiterated a Strong Buy rating and $100.00 price target on Microchip Technology (NASDAQ: MCHP) following the company's 4Q earnings report. Microchip reported 4Q revenue of $902.7 million, higher than its the consensus estimate of $891.1 million. Non-GAAP EPS was $1.16 in the quarter, well above $1.06... More
Microchip Technology (MCHP) Tops Q4 EPS by 10c
May 9, 2017 4:24 PM EDTMicrochip Technology (NASDAQ: MCHP) reported Q4 EPS of $1.16, $0.10 better than the analyst estimate of $1.06. Revenue for the quarter came in at $902.7 million versus the consensus estimate of $891.2 million.
Record GAAP and Non-GAAP net sales of $902.7 million. Our updated guidance provided on February 28, 2017... More