Microchip Technology Inc. Profit Rises 3% In Q4

(RTTNews) - Microchip Technology Inc. (MCHP) revealed earnings for its fourth quarter that rose from last year.

The company said its bottom line came in at $153.03 million, or $0.70 per share. This was higher than $148.80 million, or $0.68 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.68 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 3.9% to $568.44 million. This was up from $547.19 million last year.

Microchip Technology Inc. earnings at a glance:

-Earnings (Q4): $153.03 Mln. vs. $148.80 Mln. last year. -Earnings Growth (Y-o-Y): 2.8% -EPS (Q4): $0.70 vs. $0.68 last year. -EPS Growth (Y-o-Y): 2.9% -Analysts Estimate: $0.68 -Revenue (Q4): $568.44 Mln vs. $547.19 Mln last year. -Revenue Change (Y-o-Y): 3.9%

-Guidance: Next quarter EPS guidance: $0.70 - $0.79 Next quarter revenue guidance: $799.1 - $841 Mln