Revenues of semiconductor firm Microchip Technology (MCHP) rose sharply in the first quarter aided by strong demand for its flagship microcontroller products, lifting the company’s earnings above analysts’ estimates. Meanwhile, the stock fell more than 4% in the extended session, after the company announced below-consensus guidance for the second quarter. Adjusted net income rose to … Continue reading Microchip Q1 earnings beat street view; stock falls on weak guidance