Microchip Results Beat in Q4 as Revenue Swells to Record on Strong Demand By Investing.com
By Yasin Ebrahim Microchip (NASDAQ:MCHP) reported Thursday fiscal fourth-quarter results that that topped expectations as strong demand led to record booking and revenue in the quarter. Microchip announced earnings per share of $1.85 on revenue of $1.47 billion. Analysts polled by Investing.com anticipated EPS of $1.74 on revenue of $1.46 billion. Microchip shares are up 5% from the beginning of the year, still down 12.22% from its 52 week high of $166.67 set on February 17. They are under-performing the Nasdaq 100 which is up 5.63% from the start of the year. The quarterly dividend declared...
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