Shares of Microchip Technology MCHP rose 1.4% in after-market trading after the company reported Q3 results.
Quarterly Results
Earnings per share rose 22.73% over the past year to $1.62, which beat the estimate of $1.58.
Revenue of $1,352,000,000 up by 5.05% from the same period last year, which missed the estimate of $1,360,000,000.
Outlook
Microchip Sees Q4 Adj. EPS $1.67-$1.79 vs $1.43 Estimate
Details Of The Call
Date: Feb 04, 2021
Time: 05:00 PM
ET Webcast URL: https://edge.media-server.com/mmc/p/j6wwitht
Price Action
52-week high: $155.36
Company's 52-week low was at $53.15
Price action over last quarter: Up 13.25%
Company Overview
Microchip became an independent company in 1989 when it was spun off from General Instrument. More than half of revenue comes from MCUs, which are used in a wide array of electronic devices from remote controls to garage door openers to power windows in autos. The company's strength lies in lower-end 8-bit MCUs that are suitable for a wider range of less technologically advanced devices, but the firm has expanded its presence in higher-end MCUs and analog chips as well.
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