Trump announces trade deal with EU following months of negotiations
Investing.com - Microchip reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Microchip announced earnings per share of $1.98 on revenue of $1.57B. Analysts polled by Investing.com EPS of $1.91 on revenue of $1.55B.
Microchip 's are up 6% and is trading at $146.83 , still down 11.90% from its 52 week high of $166.67 set on Wednesday, February 17, 2021.
Microchip follows other major Information Technology sector earnings this month
Microchip's report follows an earnings beat by Apple on Tuesday, July 27, 2021, who reported EPS of $1.3 on revenue of $81.43B, EPS of $1.01 on revenue of $73.33B.
Microsoft had beat expectations on Tuesday, July 27, 2021 with fourth quarter EPS of $2.17 on revenue of $46.15B, for EPS of $1.92 on revenue of $44.22B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar