Microchip Technology (MCHP) Tops Q3 EPS by 1c
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Microchip Technology Announces Net Sales and Results for Third Quarter of Fiscal Year 2018
February 6, 2018 4:15 PM ESTGAAP net sales of $994.2 million, down 1.8% sequentially and up 19.2% from the year ago quarter. The midpoint of our guidance provided on November 6, 2017 was net sales of $991.9 million.Non-GAAP net sales of $994.2 million, down 1.8% sequentially and up 12.8% from the year ago quarter. The midpoint of our guidance provided on November 6, 2017 was net sales of $991.9 million.On a GAAP basis: gross margins of 61.1%; record operating income of $245.2 million; net loss of $251.1 million, impacted by a one-time tax expense of $439.8 million primarily related to the Tax Cuts and Jobs Act;... More
