— Microchip Technology Incorporated (NASDAQ: MCHP) reported earnings of $1.32 per share in the third quarter of 2019, vs. $1.26 per share expected.
— Total revenue fell 6.4% to $1.29 billion, vs. $1.28 billion expected.
— End-market demand for microcontroller business was down 1.1%, for analog business was down 3.6% and for FPGA business was flat compared to the September 2019 quarter.
— For the fourth quarter, Microchip expects net sales between $1.313 billion and $1.403 billion. Adjusted EPS for this period is projected to be $1.35 to $1.51.
— MCHP shares were down 0.41% immediately following the announcement.
Get access to timely and accurate verbatim transcripts that are published within hours of the event.
Most Popular
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%
