Microchip (NASDAQ 🙂 announced Monday its fourth quarter results. They beat forecasts by analysts and generated revenue above expectations.

Microchip reported earnings per share at $1.35 on $1.84B in revenue. Investing.com polled analyst to predict EPS of $1.25 based on $1.82B revenue.

Microchip shares have fallen 26% since the start of the year. However, they are still 28.54% below their 52-week high of $90.00 on December 28, 2021. They are under-performing the S&P 500 which is down 16.26% from the start of the year.

Other major earnings from the Information Technology industry this month are followed by Microchip

Microchip reports on an Apple earnings beat on April 28th, where they reported EPS at $1.52 per share on $97.28B in revenue. Forecasts were for EPS at $1.42 on revenues of $94.03B.

Microsoft beat all expectations with a third quarter earnings per share of $2.22 on $49.36B in revenue, as compared to the forecast of EPS at $2.19 for $49.02B.

You can keep up-to date on the latest earnings reports by visiting Investing.com’s earnings calendar