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Microchip Earnings beat, Revenue Inline In Q3

Published 2021-02-04, 04:11 p/m
© Reuters. Microchip Earnings beat, Revenue Inline In Q3

Investing.com - Microchip reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that was inline with expectations.

Microchip announced earnings per share of $1.62 on revenue of $1.35B. Analysts polled by Investing.com anticipated EPS of $1.58 on revenue of $1.35B.

Microchip shares are up 4% from the beginning of the year and are trading at $144.41 , down-from-52-week-high.They are under-performing the Nasdaq which is up 6.9% from the start of the year.

Microchip follows other major Technology sector earnings this month

Microchip's report follows an earnings beat by Apple on Wednesday, January 27, 2021, who reported EPS of $1.68 on revenue of $111.44B, compared to forecasts EPS of $1.42 on revenue of $103.27B.

Microsoft had beat expectations on Tuesday, January 26, 2021 with second quarter EPS of $2.03 on revenue of $43.08B, compared to forecast for EPS of $1.64 on revenue of $40.22B.

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

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