Microchip Technology Inc

MCHP: XNAS (USA)
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Microchip Earnings: Raising Fair Value to $71 From $63 as Growth Improves

Microchip Technology's fiscal third-quarter revenue of $1.186 billion was up 16% year over year, ahead of the firm’s original guidance. Microchip expects March-quarter revenue of $1.26 billion, which would be ahead of FactSet consensus estimates and represents 30% year-over-year growth.

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