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.
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
Aurora Cannabis (ACB) Earnings: 3Q21 Key Numbers
Aurora Cannabis Inc. (NYSE: ACB) reported third quarter 2021 earnings results today. Total revenues fell 25% year-over-year to CAD55.1 million. Adjusted EBITDA loss amounted to CAD24 million. Cash balance as
Walt Disney (DIS) Q2 revenue down 13%; earnings beat estimates
Media behemoth The Walt Disney Company (NYSE: DIS) reported second-quarter revenues that declined from last year as customers stayed away from theatres and parks due to pandemic-related safety issues and
Three key factors that bode well for Tattooed Chef (TTCF) going forward
Shares of Tattooed Chef Inc. (NASDAQ: TTCF) have gained 57% over the past 12 months but has dropped 25% since the start of this year. The sentiment on the stock
