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
Important takeaways from Broadcom’s (AVGO) Q4 2023 earnings
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) ended fiscal 2023 on a positive note, delivering strong results for the fourth quarter. In the new fiscal year, the company’s focus will be
Here’s what Signet Jewelers (SIG) expects for the holiday season and beyond
Shares of Signet Jewelers Limited (NYSE: SIG) were down over 2% on Friday. The stock has gained 40% year-to-date and 27% over the past three months. The jewelry retailer saw
DOCU Earnings: DocuSign Q3 2024 revenue up 9%; profit beats estimates
eSignature service provider DocuSign, Inc. (NASDAQ: DOCU) reported higher revenues and better-than-expected adjusted earnings for the third quarter of 2024. The company also provided guidance for the fourth quarter and
