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Investing.com - Microchip reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Microchip announced earnings per share of $1.2 on revenue of $1.76B. Analysts polled by Investing.com EPS of $1.17 on revenue of $1.75B.
Microchip 's are down 14% and is trading at $76.20 , still down 17.59% from its 52 week high of $90.00 set on Tuesday, December 28, 2021.
Microchip shares gained 2.74% to trade at $76.20 in after-hours trade the report.
Microchip follows other major Information Technology sector earnings this month
Microchip's report follows an earnings beat by Apple on Thursday, January 27, 2022, who reported EPS of $2.1 on revenue of $123.95B, EPS of $1.9 on revenue of $119B.
Microsoft had beat expectations on Tuesday, January 25, 2022 with second quarter EPS of $2.48 on revenue of $51.73B, for EPS of $2.32 on revenue of $50.71B.
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