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Microchip Technology Q2 Adj. EPS $0.97 Beats $0.93 Estimate, Sales $1.622B Beat $1.607B Estimate

Benzinga Newsdesk 16 hours ago

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Microchip Technology (NASDAQ:MCHP) reported quarterly earnings of $0.97 per share which beat the analyst consensus estimate of $0.93 by 4.3 percent. This is a 177.14 percent increase over earnings of $0.35 per share

Microchip Technology (NASDAQ:MCHP) reported quarterly earnings of $0.97 per share which beat the analyst consensus estimate of $0.93 by 4.3 percent. This is a 177.14 percent increase over earnings of $0.35 per share from the same period last year. The company reported quarterly sales of $1.622 billion which beat the analyst consensus estimate of $1.607 billion by 0.95 percent. This is a 42.28 percent increase over sales of $1.140 billion the same period last year.

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