Investing.com – Microchip (NASDAQ:) reported on Thursday third quarter that beat analysts’ forecasts and revenue that was inline with expectations.
Microchip announced earnings per share of $1.62 on revenue of $1.35B. Analysts polled by Investing.com anticipated EPS of $1.58 on revenue of $1.35B.
Microchip shares are up 4% from the beginning of the year, still down 7.05% from its 52 week high of $155.36 set on January 20. They are under-performing the Nasdaq which is up 6.9% from the start of the year.
Microchip follows other major Technology sector earnings this month
Microchip’s report follows an earnings beat by Apple on January 27, who reported EPS of $1.68 on revenue of $111.44B, compared to forecasts EPS of $1.42 on revenue of $103.27B.
Microsoft had beat expectations on January 26 with second quarter EPS of $2.03 on revenue of $43.08B, compared to forecast for EPS of $1.64 on revenue of $40.22B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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