TMTB: MCHP PLTR First takes; EOD Wrap
MCHP -5% Q4 inline but June Q guide weaker than expected implying -5% vs bogeys around -1% and street at +1%.
Investors were definitely looking for more especially after other analog peers guided inline for June Q
$MCHP GUIDANCE: Q1
Guides net sales $1.22B to $1.26B, EST $1.34B
Guides ADJ gross margin 59% to 61%, EST 60.3%
RESULTS: Q4
ADJ EPS $0.57 vs. $1.64 …
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