Microchip Technology (MCHP) Misses Q3 Earnings and Revenue Estimates

Microchip Technology (MCHP) came out with quarterly earnings of $0.20 per share, missing the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $1.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -28.57%. A quarter ago, it was expected that this chipmaker would post earnings of $0.43 per share when it actually produced earnings of $0.46, delivering a surprise of 6.98%.Over the last four quarters, the c ...