Microchip Technology (MCHP) Q2 Earnings and Revenues Top Estimates

Microchip Technology (MCHP) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.46 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +6.06%. A quarter ago, it was expected that this chipmaker would post earnings of $0.24 per share when it actually produced earnings of $0.27, delivering a surprise of +12.5%.Over the last four quarters, the c ...