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Microchip Technology Inc. Q3 adjusted earnings Beat Estimates

Below are the earnings highlights for Microchip Technology Inc. (MCHP):

-Earnings: $49.2 million in Q3 vs. -$251.1 million in the same period last year.
-EPS: $0.20 in Q3 vs. -$1.07 in the same period last year.
-Excluding items, Microchip Technology Inc. reported adjusted earnings of $405.6 million or $1.66 per share for the period.
-Analysts projected $1.58 per share
-Revenue: $1.42 billion in Q3 vs. $0.99 billion in the same period last year.

-Guidance:
Next quarter EPS guidance: $1.26 - $1.53
Next quarter revenue guidance: $1.251 - $1.403 Bln

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