Microchip Technology Raises Third Quarter Guidance

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.