Microchip earnings matched, revenue was in line with estimates

Investing.com – Microchip (NASDAQ: ) reported first quarter EPS of $1.64, in line with the analyst estimate of $1.64. Revenue for the quarter came in at $2.29B versus the consensus estimate of $2.29B.

Guidance

Microchip sees Q2 2024 EPS of $1.60-$1.64 versus the analyst consensus of $1.63.

Microchip sees Q2 2024 revenue of $2.22B-$2.31B versus the analyst consensus of $2.28B.

Microchip’s stock price closed at $89.52. It is up 19.07% in the last 3 months and up 23.03% in the last 12 months.

Microchip saw 11 positive EPS revisions and 7 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 , and Microchip’s financials here.

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