Microchip Lowers Sales Projections
- Share via
Reuters
Microchip Technology Inc. warned its fiscal third-quarter sales would fall short of expectations because of an inventory backup among its distributors. Shares of the Chandler, Ariz.-based company had closed off $2.69 at $26.81 on Nasdaq before the warning.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
