Analysts Estimate Microchip Technology (MCHP) to Report a Decline in Earnings: What to Look Out for

The market expects Microchip Technology (MCHP) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. This chipmaker is expected to post quarterly earnings of $0.52 per share in its upcoming report, which represents a year-over ...