Microchip Technology Inc

MCHP: XNAS (USA)
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Microchip Earnings: Appears Spring-Loaded for a Rebound in Chip Orders; Shares Undervalued

Microchip Technology reported fiscal fourth-quarter revenue of $970 million, down 27% year over year, but ahead of guidance. June-quarter revenue is expected to be ahead of FactSet consensus estimates and rise 8% sequentially at the midpoint of guidance.

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