Microchip Technology stock rises after missing revenue exepctations [MarketWatch]
Microchip Technology Incorporated (MCHP)
Last microchip technology incorporated earnings: 2/4 04:10 pm
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Source: MarketWatch
Microchip Technology stock rises after missing revenue exepctations Microchip Technology Inc. MCHP, -2.48% shares rose 2.8% in the extended session Tuesday after the company reported revenue that missed analyst estimates. The company reported fiscal second-quarter net income of $108.9 million, which amounts to 43 cents a share, versus net income of $96.3 million, or 38 cents a share, in the year-ago quarter. Adjusted for amortization of intangible assets and stock-based compensation, among other items, earnings were $1.43 a share. Revenue fell to $1.34 billion to $1.43 billion in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of $1.43 a share on sales of $1.35 billion. For the fiscal third quarter, analysts estimate adjusted earnings of $1.22 a share on sales of $1.26 billion. Microchip Technology said it expects third-quarter adjusted earnings of $1.12 to $1.32 a share on sales of $1.2 billion to $1.31 billion. Microchip Technology stock has gain
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MCHP
News
- Can Microchip Technology's Expanding Portfolio Drive the Stock? [Yahoo! Finance]Yahoo! Finance
- Microchip to Accelerate Real-time Edge AI with NVIDIA HoloscanGlobeNewswire
- Introducing a Wide Portfolio of IGBT 7 Power Devices Optimized for Applications Across Sustainability, E-Mobility and Data CentersGlobeNewswire
- Microchip Technology (NASDAQ:MCHP) Has Announced That It Will Be Increasing Its Dividend To $0.455 [Yahoo! Finance]Yahoo! Finance
- Earnings Beat: Microchip Technology Incorporated Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models [Yahoo! Finance]Yahoo! Finance
MCHP
Earnings
- 11/5/24 - Beat
MCHP
Sec Filings
- 11/12/24 - Form 8-K
- 11/5/24 - Form S-8
- 11/5/24 - Form 10-Q
- MCHP's page on the SEC website