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Stock impact report

Microchip Technology Provides Business Update for Fourth Quarter Fiscal 2020

Microchip Technology Incorporated (MCHP) 
Last microchip technology incorporated earnings: 2/4 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: microchip.com/investors
Company Research Source: GlobeNewswire
CHANDLER, Ariz., March 02, 2020 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected and secure embedded control solutions, is providing the following business update: As Microchip closely monitors the impact of the COVID-19 virus, our top priority remains the health and safety of our employees and their families.  We have implemented a strict policy on travel to and from affected regions and quarantine procedures for employees returning from such regions.  At this point, none of our over 18,000 employees or their family members have tested positive for COVID-19. On February 4, 2020, as part of our fourth quarter fiscal 2020 earnings call, we issued quarterly net sales guidance of up 2% to 9% sequentially, which was a wider than usual range, to reflect uncertainty related to the public health situation in China.  Our business in the Americas and Europe is trending towards our original expectations.  However, we see Show less Read more
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