Microchip Technology Q4 Profit Up - Quick Facts

(RTTNews) - Microchip Technology Inc. (MCHP) Tuesday reported fourth-quarter profit of $111.5 million or $0.50 per share, up $59.7 million or $0.28 per share in the same period last year.

Adjusted earnings for the quarter were $141.3 million or $0.64 per share. On average, 12 analysts polled by Thomson Reuters expected the company to earn $0.61 per share for the quarter. Analysts' estimates typically exclude special items.

Sales increased 14.7 percent to $493.4 million from $430.1 million last year. Analysts expected sales of $490.0 million.

Looking ahead to the first quarter, the company has forecast earnings in the order of $0.64 to $0.68 per share, with revenues ranging between $519.8 million and $534.6 million.

Analysts currently expect the company to earn $0.66 per share on first-quarter revenues of $514.30 million.