Microchip earnings beat by $0.01, revenue topped estimates
Investing.com - Microchip (NASDAQ: MCHP) reported third quarter EPS of $1.56, $0.01 better than the analyst estimate of $1.55. Revenue for the quarter came in at $2.17B versus the consensus estimate of $2.16B.
Microchip sees Q4 2023 EPS of $1.61-$1.63 versus the analyst consensus of $1.58.
Microchip sees Q4 2023 revenue of $2.19B-$2.26B versus the analyst consensus of $2.19B.
Microchip's stock price closed at $84.53. It is up 32.37% in the last 3 months and up 13.97% in the last 12 months.
Microchip saw 19 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 recent earnings performance , and Microchip's financials here.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.
Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb
Drop an image here or