Fri. Jan 28th, 2022

© Reuters. Microchip earnings, first quarter earnings – Microchip (NASDAQ 🙂 reported on Tuesday first quarter that it exceeded analysts ’forecasts and earnings that exceeded expectations.

Microchip announced earnings per share of $ 1.98 for revenue of $ 1.57 million. Analysts surveyed by predicted a $ 1.91 EPS for revenue of $ 1.55 million.

Microchip stocks are up 6% from the start of the year, down 11.90% from the 52-week high of $ 166.67 set on Feb. 17.

Microchip follows other important gains in the information technology sector this month

The Microchip report tracks earnings surpassed by Apple on July 27, which reported $ 1.3 in EPS for revenue of $ 81.43 million, compared to EPS forecasts of $ 1.01 for revenue of $ 73. , $ 33 million.

Microsoft exceeded expectations on July 27 with a fourth-quarter EPS of $ 2.17 million in revenue of $ 46.15 million, compared to the EPS forecast of $ 1.92 in revenue of $ 44.22 million. dollars.

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