Microchip Technology Inc. (MCHP) reported third quarter non-GAAP EPS of $0.41 after the close Thursday, down from $0.42 last year. The consensus estimate was for EPS of $0.37. The company expects to report fourth quarter non-GAAP EPS of $0.45 to $0.49. The consensus estimate is for EPS of $0.42. The stock is now up 2.06 on 40K shares.
Microchip Technology declined until around mid-morning Thursday and finished down by 0.51 at $33.94. The stock closed at the lower end of a one-week range.
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