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Microchip announced earnings per share of $1.46 on revenue of $2.07B. Analysts polled by Investing.com anticipated EPS of $1.44 on revenue of $2.06B.
Microchip shares are down 12% from the beginning of the year, still down 33.93% from its 52 week high of $90.00 set on December 28, 2021.
Microchip shares gained 8.48% in after-hours trade following the report.
Microchip’s report follows an earnings beat by Apple on October 27, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on October 25 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
