HOT MCU market ! Microchip latest quarterly earnings record!
MICROCHIP has released the first quarter of fiscal 2018 earnings, net sales of $972.1 million, up 7.7% month-on-month...
Microchip latest quarterly results show that:
According to general accounting principles (GAAP) : net sales of $972.1 million, up 7.7% month-on-month and 21.6% year-on-year.According to the general accounting standards (Non - GAAP) : net sales of $972.1 million, up 7.7% month-on-month and 15.2% year-on-year.We updated on June 5, 2017 net sales forecast of $943.3 million to $956.8 million.
According to GAAP standards: gross margin was 60.1%;Record, operating profit of $221.6 million;Record, net profit of $170.6 million;Record, diluted earnings per share of 70 cents.We updated on June 5, 2017 EPS expectations of 62 cents to 64 cents.
According to the rule of Non - GAAP: gross margin was 60.4%;Record, operating profit of $364.3 million;Record, net profit of $319.1 million;Diluted earnings per share record, $1.31, up 12.9% month-on-month and 56% on a year-over-year basis.We updated on June 5, 2017 EPS forecast $1.22 to $1.22.
Operating activities cash flow record, of $345 million.
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