Microchip Technology (MCHP) Beats Q2 Earnings and Revenue Estimates
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Microchip Technology (MCHP) reported Q2 earnings of $0.46 per share, surpassing the Zacks Consensus Estimate of $0.43. This is a decrease from $1.62 per share a year ago.
November 06, 2024 | 12:00 am
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Microchip Technology's Q2 earnings per share of $0.46 exceeded expectations of $0.43, but are lower than last year's $1.62. This mixed result may influence short-term stock movements.
The earnings beat is positive and may support the stock price, but the significant year-over-year decline in earnings per share could offset this positive sentiment, leading to a neutral short-term impact.
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