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Microchip Earnings, Revenue Beat in Q2 -Breaking

by Mike Robinson

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© Reuters. Microchip Earnings, Revenue Beat in Q2

Microchip (NASDAQ) – Investing.com reported Thursday that the second quarter beat analyst forecasts, and that revenue exceeded expectations.

Microchip reported earnings per share at $1.07, based on $1.65B in revenue. Investing.com polled analyst to predict EPS of $1.05 based on $1.64B in revenue.

Microchip shares rose 48% over the course of the year but are down by 0.43% from February 17’s 52-week peak of $83.33, set at 83.33. They are outperforming the S&P 500 which is up 24.62% from the start of the year.

Following the publication, Microchip shares rose 3.64% after-hours.

Other major technology sector earnings are following Microchip’s lead this month

Microchip reports on an earnings beat achieved by Alphabet C, who reported EPS at $27.99 for revenue $65.12B. This compares to the forecasted EPS at $23.83 for revenue $63.533B.

Taiwan Semiconductor exceeded expectations in October 14, with an EPS of $1.07 based on $14.75B revenue. This was compared to the forecast of EPS at $1.04 based on $14.81B revenue.

Keep up to date with all the earnings reports coming soon by visiting Investing.com’s earnings calendar

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