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Microchip earnings beat by $0.01, revenue topped estimates

Published 02/03/2023, 05:40 AM
Microchip earnings beat by $0.01, revenue topped estimates
MCHP
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Investing.com - Microchip (NASDAQ: MCHP) reported third quarter EPS of $1.56, $0.01 better than the analyst estimate of $1.55. Revenue for the quarter came in at $2.17B versus the consensus estimate of $2.16B.

Guidance

Microchip sees Q4 2023 EPS of $1.61-$1.63 versus the analyst consensus of $1.58.

Microchip sees Q4 2023 revenue of $2.19B-$2.26B versus the analyst consensus of $2.19B.

Microchip's stock price closed at $84.53. It is up 32.37% in the last 3 months and up 13.97% in the last 12 months.

Microchip saw 19 positive EPS revisions and 0 negative EPS revisions in the last 90 days. See Microchip's stock price’s past reactions to earnings here.

According to InvestingPro, Microchip's Financial Health score is "great performance".

Check out Microchip's recent earnings performance, and Microchip's financials here.

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

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