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Shares of Microchip Technology Inc. MCHP are trending up slightly after hours Tuesday.
The increase in share price is a result of the company raising its guidance.
The company raised its third quarter EPS guidance from $0.59-0.64/share to $0.60-0.64/share vs $0.62/share analyst estimate.
Shares of Microchip Technology are up 1.95 percent after hours Tuesday.
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