Microchip earnings beat by $0.02, revenue was in line with estimates

Investing.com – Microchip (NASDAQ: MCHP) reported fourth quarter EPS of $1.64, $0.02 better than the analyst estimate of $1.62. Revenue for the quarter came in at $2.23B versus the consensus estimate of $2.23B.

Guidance

Microchip sees Q1 2024 EPS of $1.63-$1.65 versus the analyst consensus of $1.64.

Microchip sees Q1 2024 revenue of $2.26B-$2.32B versus the analyst consensus of $2.23B.

Microchip’s stock price closed at $76.03. It is down -10.91% in the last 3 months and up 11.64% in the last 12 months.

Microchip saw 18 positive EPS revisions and 0 negative EPS revisions in the last 90 days. See Microchip’s stock price’s past reactions to earnings here.

According to InvestingPro, Microchip’s Financial Health score is “great performance”.

Check out Microchip’s , and Microchip’s financials here.

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