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Microchip Technology stock rises after missing revenue exepctations [MarketWatch]
Last microchip technology incorporated earnings: 2/4 04:10 pm
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US:NASDAQ Investor Relations: microchip.com/investors
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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NEWS
NEWS
- Microchip Adds MTCH2120 to its Portfolio of Turnkey Capacitive Touch Controllers[GlobeNewswire]
- Integrated and Compact CAN FD System Basis Chip Solution for Space-Constrained Applications[GlobeNewswire]
- Microchip Technology Incorporated (NASDAQ: MCHP) was downgraded by analysts at Bank of America Co. from a "neutral" rating to an "underperform" rating. They now have a $65.00 price target on the stock, down previously from $80.00.[MarketBeat]
- Microchip Technology Incorporated (NASDAQ: MCHP) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.[MarketBeat]
- RF Front-End Chip Market Skyrockets to $47.10 Billion by 2030 | CAGR of 12.4%, Dominated by Tech Giants - Broadcom Corporation, Infineon Technologies AG and Microchip Technology Inc. | The Insight Partners [Yahoo! Finance][Yahoo! Finance]
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MCHP
SEC Filings
SEC Filings
- 12/16/24 - Form 8-K
- 12/12/24 - Form 424B2
- 12/11/24 - Form FWP
- MCHP's page on the SEC website
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