Investing.com – Microchip reported on Tuesday third quarter that beat analysts’ forecasts and revenue that topped expectations.
Microchip announced earnings per share of $1.32 on revenue of $1.29B. Analysts polled by Investing.com anticipated EPS of $1.26 on revenue of $1.28B. That with comparison to EPS of $1.66 on revenue of $1.42B in the same period a year before. Microchip had reported EPS of $1.43 on revenue of $1.34B in the previous quarter. Analysts are expecting EPS of $1.39 and revenue of $1.33B in the upcoming quarter.
Microchip shares are down 2% from the beginning of the year , still down 9.53% from its 52 week high of $112.47 set on January 14. They are under-performing the which is up 1.65% year to date.
Microchip shares gained 1.72% in after-hours trade following the report.
Microchip follows other major Technology sector earnings this month
Microchip’s report follows an earnings beat by Apple on January 28, who reported EPS of $4.99 on revenue of $91.82B, compared to forecasts EPS of $4.54 on revenue of $88.51B.
Microsoft had beat expectations on January 29 with second quarter EPS of $1.51 on revenue of $36.91B, compared to forecast for EPS of $1.05 on revenue of $32,512M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.