Microchip Technology Sees Q3 Adj. EPS $1.09-$1.17 vs $1.44 Est., Net Sales $1.803B-$1.916B vs $2.12B Est.
Portfolio Pulse from Benzinga Newsdesk
Microchip Technology has projected its Q3 adjusted EPS to be between $1.09 and $1.17, which is lower than the estimated $1.44. The company also expects its net sales to be between $1.803B and $1.916B, lower than the estimated $2.12B.
November 02, 2023 | 8:18 pm
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NEGATIVE IMPACT
Microchip Technology's lower than expected Q3 earnings and sales projections may negatively impact its stock price.
Microchip Technology's projected Q3 earnings and sales are lower than the estimates. This could lead to a negative sentiment among investors, potentially causing a decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100