Stocks making the biggest moves after hours: American Airlines, Microchip, Pier 1 & more
— Shares of Microchip rose over 4% after releasing updated guidance that put projected sales near the top of its previous range. The company now expects sales to be between $1.281 billion and $1.
288 billion. Microchip's previous guidance ranged from $1.244 billion to $1.298 billion. CEO Steve Sanghi said the company viewed the latest quarter as the bottom of a downturn and he expected revenue to grow in 2020.
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