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Microchip Tops Expectations With 1Q Outlook
Stock quotes in this article:
MCHP
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CHANDLER, Ariz. (AP) — Microchip Technology Inc. topped expectations with its fiscal first-quarter earnings forecast Tuesday, citing improving profit margins and demand.
The company said it expects a profit of 12 cents to 13 cents per share for the quarter ending June 30.
Sales are expected to grow 8 percent to 10 percent from fourth-quarter levels, implying $187.2 million to $190.6 million in revenue. ...
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