Microchip Technology Q4 2024 GAAP EPS $0.57, Inline, Sales $1.33B Inline
Portfolio Pulse from Benzinga Newsdesk
Microchip Technology (MCHP) reported Q4 2024 earnings of $0.57 per share, meeting analyst estimates, with sales of $1.33 billion, also in line with expectations. This represents a 40.61% decrease in sales compared to the same period last year.

May 06, 2024 | 8:16 pm
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Microchip Technology reported Q4 2024 earnings per share of $0.57 and sales of $1.33 billion, aligning with analyst expectations but showing a significant sales decrease from the previous year.
While Microchip Technology met analyst expectations for both earnings per share and sales, the significant year-over-year decrease in sales could concern investors. However, meeting expectations might mitigate negative sentiment, leading to a neutral short-term impact on the stock price.
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