I don't care what happens tomorrow. I bought this company because I think it will significantly increase my net worth over the next 10+ years. So far so good, but I really try to avoid the short-term trader noise.
7:47AM Microchip earnings correction: Beats by $0.04; guides Q2 rev and EPS above consensus (MCHP) 30.76 : Last night we compared MCHP's Q1 GAAP results to the non-GAAP consensus. The co reported Q2 non-GAAP EPS of $0.55, $0.04 better then the $0.51 consensus. Co also isssued upside Q2 guidance; co sees Q2 non-GAAP EPS of ~$0.58 vs the $0.52 consensus, with rev of $340-343 mln vs the $329 mln consensus... the prior comment has been removed.