Microchip Technology Inc. shares were halted late Tuesday after the electronics component maker’s quarterly report and outlook topped Wall Street estimates. Microchip Technology shares were halted at $69.62 after hours. The company reported adjusted third-quarter earnings of $1.05 a share on adjusted revenue of $881.2 million. Analysts surveyed by FactSet had estimated 90 cents a share on revenue of $849 million. For the fourth quarter, Microchip forecast adjusted earnings of $1.01 to $1.11 a share on adjusted revenue of $872 million to $908 million. Analysts had estimated 93 cents a share on revenue of $863.4 million.
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