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Microchip Technology Increases Q2 Earnings Guidance; Q1 Profit Beats Estimates

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( - Microchip Technology Incorporated (

), a provider of microcontroller, mixed signal, analog and Flash-IP solutions, announced, for second-quarter, the company expects: net sales in the range of $844.0 million to $877.8 million; and earnings per share in the range of 83 cents to 91 cents. The company's guidance provided on May 4, 2016 was EPS of 70 to 79 cents. Analysts polled by Thomson Reuters expect the company to report profit per share of $0.80 on revenue of $836.72 million. Analysts' estimates typically exclude...