Microchip Technology Lowers Guidance
EPS & Revenue Below Estimates
Jan 06, 2009 (EarningsWhispers Guidance Summaries via Comtex) -- Microchip Technology Inc. (NASDAQ: MCHP) said it now expects third quarter earnings of $0.23 to $0.26 per share on revenue of $186.1 million to $191.5 million. The company's previous guidance was earnings of $0.35 to $0.41 per share on revenue of $226.6 million to $248.1 million and the current consensus earnings estimate is $0.33 per share on revenue of $234.5 million for the quarter ending December 31, 2008.
This earnings guidance summary was provided by EarningsWhispers, a leading provider of earnings expectations - including corporate guidance announcements and analysts' expectations that differ from published estimates. http://www.earningswhispers.com
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