Microchip Technology Inc. said Monday that it now expects fiscal fourth-quarter results to beat its earlier outlook due to ongoing strong demand. Microchip technology Inc. trades on the “NASDAQ” under the stock symbols “
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Chip maker Microchip Technology Inc. (NASDAQ:MCHP) said Monday that it now expects fiscal fourth-quarter results to beat its earlier outlook due to ongoing strong demand.
Microchip Technology said it now expects a profit of 37 cents per share, or 42 cents per share when excluding certain items, for the quarter that ends March 31.
The company had previously forecast a profit of 34 cents to 36 cents per share, or 39 cents to 41 cents per share on an adjusted basis.
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