Investor Strategy

Microchip Earnings, Revenue Beat in Q4

imageStock Markets3 hours ago (May 07, 2020 04:30PM ET)

(C) Reuters. Microchip Earnings, Revenue Beat in Q4

Investing.com – Microchip (NASDAQ:MCHP) reported on Thursday fourth quarter earnings that beat analysts’ forecasts and revenue that topped expectations.

Microchip announced earnings per share of $1.46 on revenue of $1.33B. Analysts polled by Investing.com anticipated EPS of $1.35 on revenue of $1.32B. That with comparison to EPS of $1.48 on revenue of $1.33B in the same period a year before. Microchip had reported EPS of $1.32 on revenue of $1.29B in the previous quarter. Analysts are expecting EPS of $1.3 and revenue of $1.27B in the upcoming quarter.

Microchip shares are down 18% from the beginning of the year , still down 24.11% from its 52 week high of $112.47 set on January 14. They are under-performing the Nasdaq which is down 0.66% year to date.

Microchip shares gained 1.23% in after-hours trade following the report.

Microchip’s report follows an earnings beat by Microsoft on April 29, who reported EPS of $1.4 on revenue of $35.02B, compared to forecasts EPS of $1.27 on revenue of $33.76B.

Apple had beat expectations on April 30 with second quarter EPS of $2.55 on revenue of $58.31B, compared to forecast for EPS of $2.24 on revenue of $54.78B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

Microchip Earnings, Revenue Beat in Q4

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

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.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Your daily news source covering investing ideas, market stocks, business, retirement tips from Wall St. to Silicon Valley.

Disclaimer:

TheProficientInvestor.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 TheProficientInvestor. All Rights Reserved.

To Top
ENJOY YOUR FREE SUBSCRIPTION!
Get In-depth Understanding Of The Stock Markets With The Top Headlines Emailed Directly To You Every Day.
We follow a strict anti-spam policy. You may cancel your subscription at any time.