Microchip Technology Inc

MCHP: XNAS (USA)
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Microchip Earnings: Remains on the Road to Recovery; Maintaining $63 Fair Value Estimate

Microchip Technology reported fiscal first-quarter revenue of $1.08 billion, down 13% year over year but up 11% sequentially and above the high end of guidance. Microchip’s forecast for the September quarter calls for $1.13 billion of revenue, which would represent a 3% year-over-year decline

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