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Microchip Technology Inc narrows Q3 2014 revenue guidance and broadens Q3 2014 EPS guidance


Tuesday, 3 Dec 2013 03:15pm EST 

Microchip Technology Inc:Says on sequential basis, it expects Q3 2014 net sales to be down between 1.5 pct and 4.5 pct.Q3 2014 non-GAAP diluted earnings per share to be 58 to 62 cents.Q3 2014 GAAP diluted earnings per share to be 41 to 45 cents.Says previously provided guidance on Oct. 30 for net sales to be flat to down 6% sequentially.Non-GAAP diluted earnings per share to be 57 to 63 cents and GAAP diluted earnings per share to be 40 to 46 cents.Says it reported revenue of $492.67 mln in Q2 2014.Q3 2014 revenue of $479 mln and EPS of $0.60 - Thomson Reuters I/B/E/S Estimates.