Investing.com - Microchip reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Microchip announced earnings per share of $1.56 on revenue of $1.31B. Analysts polled by Investing.com EPS of $1.43 on revenue of $1.28B.
Microchip 's are up 2% and is trading at $100.00 , still down 5.40% from its 52 week high of $113.28 set on Friday, June 5, 2020.
Microchip shares lost 6.68% to trade at $100.00 in after-hours trade the report.
Microchip follows other major Technology sector earnings this month
Microchip's report follows an earnings beat by Apple on Thursday, who reported EPS of $2.58 on revenue of $59.69B, EPS of $2.05 on revenue of $52.24B.
Microsoft had beat expectations on Wednesday, July 22, 2020 with fourth quarter EPS of $1.46 on revenue of $38.03B, for EPS of $1.34 on revenue of $36.54B.
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