Categories AlphaGraphs, Earnings, Technology
MCHP Earnings: Microchip Technology Q3 2023 sales and profit increase
Microchip Technology Inc. (NASDAQ: MCHP) has announced financial results for the third quarter of 2023, reporting higher net sales and net income.
Net income for the third quarter increased to $580.3 million, or $1.04 per share from $352.8 million, or $0.62 per share in the corresponding period of last year. Adjusted earnings, excluding special items, climbed 30% annually to $1.56 per share.
At $2.17 billion, third-quarter net sales were up 23% year-over-year. The company also declared a record quarterly cash dividend of 35.8 cents per share, up 9.1% from the cash dividend paid last quarter and up 41.5% from the year-ago quarter.
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
Tyson Foods (TSN) Q2 2024 Earnings: Key financials and quarterly highlights
Tyson Foods, Inc. (NYSE: TSN) reported second quarter 2024 earnings results today. Sales dipped slightly to $13.07 billion from $13.1 billion in the same period a year ago. Net income
After mixed Q2, what awaits Apple (AAPL) in the second half?
Apple’s (NASDAQ: AAPL) stock rallied this week after the gadget giant reported stronger-than-expected Q2 results and announced the largest-ever share buyback program. The company is investing heavily in the business,
What to expect when Tyson Foods (TSN) reports Q2 2024 earnings results
Shares of Tyson Foods, Inc. (NYSE: TSN) stayed green on Friday. The stock has gained 8% over the past three months. The branded foods company is slated to report its
