Microchip Technology (MCHP) Q1 Earnings Beat Estimates

Microchip Technology (MCHP) came out with quarterly earnings of $0.53 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $1.64 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 1.92%. A quarter ago, it was expected that this chipmaker would post earnings of $0.57 per share when it actually produced earnings of $0.57, delivering no surprise. Over the last four quarters, the company h ...