These Analysts Slash Their Forecasts On Microchip Technology Following Q2 Results
MCHPMicrochip Technology(MCHP) Benzinga·2024-11-07 03:00

Microchip Technology Incorporated MCHP reported upbeat earnings for its second quarter on Tuesday.The company posted quarterly earnings of 46 cents per share which beat the analyst consensus estimate of 43 cents per share. The company reported quarterly sales of $1.164 billion which beat the analyst consensus estimate of $1.152 billion.“Our September quarter results were consistent with our guidance, as we continued to navigate through an inventory correction that’s occurring in the midst of macro weakness ...