Microchip Earnings, Revenue Beat in Q4
2022.05.09 23:27
Microchip Earnings, Revenue Beat in Q4
Investing.com – Microchip (NASDAQ:MCHP) reported on Monday fourth quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
Microchip announced earnings per share of $1.35 on revenue of $1.84B. Analysts polled by Investing.com anticipated EPS of $1.25 on revenue of $1.82B.
Microchip shares are down 26% from the beginning of the year, still down 28.54% from its 52 week high of $90.00 set on December 28, 2021. They are under-performing the S&P 500 which is down 16.26% from the start of the year.
Microchip follows other major Information Technology sector earnings this month
Microchip’s report follows an earnings beat by Apple on April 28, who reported EPS of $1.52 on revenue of $97.28B, compared to forecasts EPS of $1.42 on revenue of $94.03B.
Microsoft had beat expectations on April 26 with third quarter EPS of $2.22 on revenue of $49.36B, compared to forecast for EPS of $2.19 on revenue of $49.02B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
