Microchip Technology Inc. Reports 81% Increase In Q4 Bottom Line

(RTTNews) - Microchip Technology Inc. (MCHP) reported earnings for its fourth quarter that climbed compared to the same period last year.

The company said its bottom line rose to $276.91 million, or $1.16 per share. This was up from $153.03 million, or $0.70 per share, in last year's fourth quarter.

Analysts had expected the company to earn $1.06 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 61.9% to $902.67 million. This was up from $557.65 million last year.

Microchip Technology Inc. earnings at a glance:

-Earnings (Q4): $276.91 Mln. vs. $153.03 Mln. last year. -Earnings Growth (Y-o-Y): 81.0% -EPS (Q4): $1.16 vs. $0.70 last year. -EPS Growth (Y-o-Y): 65.7% -Analysts Estimate: $1.06 -Revenue (Q4): $902.67 Mln vs. $557.65 Mln last year. -Revenue Change (Y-o-Y): 61.9%

-Guidance: Next quarter EPS guidance: $1.17 to $1.27 Next quarter revenue guidance: $920.7 to $965.9 Mln