Microchip Earnings, Revenue beat in Q4 By Investing.com

Microchip reported on Thursday fourth quarter earnings that beat analysts’ forecasts and revenue that topped expectations.

Microchip announced earnings per share of $1.85 on revenue of $1.47B. Analysts polled by Investing.com anticipated EPS of $1.74 on revenue of $1.46B.

Microchip shares are up 5% from the beginning of the year and are trading at $146.31 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is up 5.63% 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 April 28, who reported EPS of $1.4 on revenue of $89.58B, compared to forecasts EPS of $0.9864 on revenue of $77.09B.

Microsoft had beat expectations on April 27 with third quarter EPS of $1.95 on revenue of $41.71B, compared to forecast for EPS of $1.78 on revenue of $41.04B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar