Microchip Technology MCHP reported its Q4 earnings results on Thursday, May 4, 2023 at 04:15 PM.
Here's what investors need to know about the announcement.
Earnings
Microchip Technology beat estimated earnings by 1.23%, reporting an EPS of $1.64 versus an estimate of $1.62.
Revenue was up $388.70 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.01 which was followed by a 0.96% increase in the share price the next day.
Here's a look at Microchip Technology's past performance:
| Quarter | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|
| EPS Estimate | 1.55 | 1.44 | 1.34 | 1.25 |
| EPS Actual | 1.56 | 1.46 | 1.37 | 1.35 |
| Revenue Estimate | 2.15B | 2.06B | 1.95B | 1.82B |
| Revenue Actual | 2.17B | 2.07B | 1.96B | 1.84B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Microchip Technology management provided guidance for Q1 2024, expecting earnings between $1.63 and $1.65 per share.
To track all earnings releases for Microchip Technology visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
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