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Microchip Technology Inc Issues Q3 2013 Guidance Below Analysts' Estimates


Thursday, 8 Nov 2012 04:15pm EST 

Microchip Technology Inc announced that for the third quarter of 2013, it expects total net sales including SMSC to be in the range of $396-$426 million, GAAP net income in the range of $0.1-$4.4 million, non-GAAP net income in the range of $75.7-$85.3 million, GAAP EPS in the range of $0.00- $0.02 and non-GAAP EPS in the range of $0.37-$0.41. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $429 million, net income of $102.5 million and EPS of $0.45 for the third quarter of 2013. 

Company Quote

47.5
-0.5 -1.04%
4:00pm EDT