Categories AlphaGraphs, Earnings, LATEST

MCHP Earnings: Microchip Technology Q4 2023 sales and profit increase

Microchip Technology Inc. (NASDAQ: MCHP) has announced financial results for the fourth quarter of 2023, reporting a 21% growth in net sales.

Net income for the fourth quarter increased to $604 million, or $1.09 per share from $437.9 million, or $0.77 per share in the corresponding period of last year. Adjusted earnings, excluding special items, climbed 21% annually to $1.64 per share.

At $2.23 billion, fourth-quarter net sales were up 21% year-over-year. The company declared a record quarterly cash dividend of 38.3 cents per share, up 38.8% from the year-ago quarter.

Prior Performance

_________________________________________________________________________________________________________________

Stocks you may like:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

International Business Machines Corp. (IBM) Stock

_________________________________________________________________________________________________________________

Most Popular

AMAT Earnings: Applied Materials Q1 2025 adj. profit rises on higher sales

Applied Materials, Inc. (NASDAQ: AMAT), a leading supplier of equipment and software for manufacturing semiconductor chips and flat panel displays, Thursday reported an increase in sales and adjusted earnings for

Cisco Systems (CSCO) bets on strong AI demand to drive growth

After starting the fiscal year on a weak note, Cisco Systems Inc. (NASDAQ: CSCO) has regained momentum, reporting higher second-quarter revenue and profit that beat analysts’ estimates. The company is

What to expect when Hasbro (HAS) reports its fourth quarter 2024 earnings results

Shares of Hasbro, Inc. (NASDAQ: HAS) stayed green on Thursday. The stock has gained 7% year-to-date. The toymaker is scheduled to report its fourth quarter 2024 earnings results on Thursday,

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close