Microchip Technology Incorporated (MCHP) stock prices updated...

Microchip Technology Incorporated stock price

Microchip Technology Incorporated latest news:

  • 02/06/2018 14:49:53

    Microchip Tech shares fall on outlook

    Microchip Technology Inc. shares dropped in the extended session Tuesday after the electronics component maker's outlook range fell toward the low end of the Wall Street consensus. Microchip shares fell 5.6% to $86.75 after hours. For the fiscal fourth quarter, Microchip estimates adjusted earnings of $1.30 to $1.39 a share on revenue of $964.4 million to $1 billion. Analysts surveyed by FactSet expect earnings of $1.37 a share on revenue of $1.01 billion. The company reported a fiscal third-quarter loss of $251.1 million, or $1.07 a share, compared with $107.2 million, or 46 cents a share, in the year-ago period. Adjusted earnings were $1.36 a share. Revenue rose to $994.2 million from $834.4 million in the year-ago period. Analysts had estimated $1.35 a share on revenue of $992.1 million. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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