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What to Expect When Microchip Technology (MCHP) Reports Q1 Results

NEW YORK (TheStreet) -- Shares of Microchip Technology (MCHP) were higher in mid-afternoon trading on Friday, ahead of the company's 2017 first-quarter results, due out after Monday's market close.

The Chandler, AZ-based semiconductor company is expected to report earnings of 74 cents per share on revenues of $821.41 million. Last year the company posted adjusted earnings of 69 cents per share on $534 million in revenues for the same quarter.

Earlier this year, Microchip Technology acquired microcontroller chipmaker Atmel...