Microchip Technology Analysts Slash Their Forecasts After Q1 Results
MCHPMicrochip Technology(MCHP) Benzinga·2024-08-02 20:46

Microchip Technology Incorporated MCHP reported mixed first-quarter financial results on Thursday.Microchip Technology reported quarterly earnings of 53 cents per share which beat the analyst consensus estimate of 52 cents per share. The company reported quarterly sales of 1.241billionwhichmissedtheanalystconsensusestimateof1.241 billion which missed the analyst consensus estimate of 1.242 billion.“We delivered June 2024 quarterly results in line with our guidance as we continued to navigate a challenging macro environment in combination with our customers ...