Microchip Technology Q2 Adj. EPS $1.62 vs $1.61 Est., Net Sales $2.254B vs $2.265B Est.
Portfolio Pulse from Benzinga Newsdesk
Microchip Technology reported Q2 adjusted EPS of $1.62, slightly beating the estimate of $1.61. However, net sales of $2.254B fell short of the estimated $2.265B.
November 02, 2023 | 8:17 pm
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NEUTRAL IMPACT
Microchip Technology's Q2 earnings beat estimates but sales missed, which could lead to mixed market reactions.
Microchip Technology's Q2 earnings slightly beat estimates, which is positive for the stock. However, the company's sales missed estimates, which is negative. The net effect could be neutral as the market weighs these two factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100