Microchip Technology Inc. (NASDAQ:MCHP) today announced its first quarter financial results for the period ended June 30, 2020.
Net income for the second quarter 2021 was $123.6 billion, or $0.48 per share, compared to net income of $50.7 million, or $0.20 per share in the second quarter of 2020.
Net sales down 1% to $1.31 billion.
During the quarter, cash flow from operations stood at $501.8 million.
“In the June quarter, our Data Center and Computing end markets continued to show strength from the shift to a work from home environment. Medical devices necessary to treat COVID-19 patients in addition to a host of other hospital equipment needed to support increased patient loads were also strong in the quarter. Our Automotive business was very weak, particularly in April and May due to the widespread factory shutdowns, but we are starting to see some improvement in this portion of our business”Ganesh Moorthy, President and COO
Autodesk, Inc. (NASDAQ: ADSK) today reported its fourth quarter financial results for the period ended January 31, 2021. Net income for the fourth quarter was $911.3 million, or $4.10 per
Beyond Meat (NASDAQ: BYND), a specialist in plant-based meat substitutes, Thursday reported a wider loss for the fourth quarter, despite an increase in revenues. The numbers also missed the consensus
Virgin Galactic (NYSE: SPCE) reported fourth-quarter 2020 financial results after the regular market hours on Thursday. The space tourism company reported zero revenue in the fourth quarter, compared to $529,000