Categories AlphaGraphs, Earnings, LATEST, Technology

Infographic: Highlights of Microchip Technology (MCHP) Q4 earnings report

Microchip Technology Incorporated (NASDAQ: MCHP) reported stronger-than expected earnings and revenues for the fourth quarter of 2020. The stock gained soon after the announcement but slipped into the negative territory later.

Microchip Technology Q4 2020 earnings infogaphic

Adjusted earnings dropped to $1.46 per share in the fourth quarter from $1.48 per share a year earlier and exceeded the market’s forecast. Net income declined to $100 million or $0.39 per share from $174.7 million or $0.70 per share a year earlier.

The company reported net sales of $1.33 billion for the three-month period, which is unchanged from the prior-year period. The results also exceeded Wall Street’s prediction.

Shares of Microchip Technology closed Thursday’s trading session higher but dropped during the extended session. The stock, which is trading at the levels seen a year ago, dropped 21% since the beginning of the year.

Most Popular

Lyft (LYFT) expects average ride volumes to improve through Q1 2021

Shares of Lyft Inc. (NASDAQ: LYFT) were up 8% in afternoon hours on Wednesday. The stock has gained 53% over the past 12 months and 25% since the beginning of

With new strategy in place, Target looks poised to tap growing online demand

Department store chain Target Corp. (NYSE: TGT), which has been thriving on the pandemic-driven shopping boom since early last year, maintained its strong performance during the holiday season and entered

Infographic: Dollar Tree’s (DLTR) performance in Q4

Dollar Tree (NYSE: DLTR) reported fourth-quarter financial results before the opening bell on Wednesday. The discount store reported a 7% increase in Q4 net sales to $6.7 billion. The company

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