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Benzinga

Business

Avi Kapoor

Microchip Technology Analysts Increase Their Forecasts After Better-Than-Expected Q1 Results

Microchip Technology Microchip MCHP

Advanced,Technology,Concept,Visualization:,Circuit,Board,Cpu,Processor,Microchip,Starting

Microchip Technology (NASDAQ:MCHP) reported better-than-expected earnings for the first quarter on Thursday.

The company posted quarterly earnings of 27 cents per share which beat the analyst consensus estimate of 23 cents per share. The company reported quarterly sales of $1.075 billion which beat the analyst consensus estimate of $1.054 billion.

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