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Microchip announced earnings per share of $1.98 on revenue of $1.57B. Analysts polled by Investing.com anticipated EPS of $1.91 on revenue of $1.55B.
Microchip shares are up 6% from the beginning of the year, still down 11.90% from its 52 week high of $166.67 set on February 17. They are under-performing the Nasdaq 100 which is up 16.86% from the start of the year.
Microchip’s report follows an earnings beat by Apple on July 27, who reported EPS of $1.3 on revenue of $81.43B, compared to forecasts EPS of $1.01 on revenue of $73.33B.
Microsoft had beat expectations on July 27 with fourth quarter EPS of $2.17 on revenue of $46.15B, compared to forecast for EPS of $1.92 on revenue of $44.22B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
