Microchip Tech (MCHP) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

For the quarter ended December 2023, Microchip Technology (MCHP) reported revenue of $1.77 billion, down 18.6% over the same period last year. EPS came in at $1.08, compared to $1.56 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.79 billion, representing a surprise of -1.41%. The company delivered an EPS surprise of +1.89%, with the consensus EPS estimate being $1.06.While investors scrutinize revenue and earnings changes year-over-year and how they compare with ...