Innovation Update

Microchip Technology Reports Narrower 4Q Profit

Stock quotes in this article: MCHP  

The company said that in light of the highly uncertain global economic conditions and limited visibility, Microchip is not providing revenue guidance at this time. However, for its internal activities, it is planning profit of roughly 11 cents per share on revenue of $182 million for the quarter ending June 30.

Analysts have forecast profit of 14 cents per share on revenue of $178.7 million for the quarter.
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