Semiconductor firm Microchip Technology (MCHP) reported a 49% dip in earnings for the second quarter due to the purchase accounting adjustments associated with its acquisitions. Despite the results exceeding analysts’ expectations, the company guided third-quarter sales and earnings below consensus estimates. Net income was $96.3 million or $0.38 per share, down from $189.2 million or … Continue reading Microchip Earnings: Guidance falls short of consensus estimates