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Investing.com - Microchip reported on Monday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Microchip announced earnings per share of $1.35 on revenue of $1.84B. Analysts polled by Investing.com EPS of $1.25 on revenue of $1.82B.
Microchip 's are down 26% and is trading at $64.31 , still down 28.54% from its 52 week high of $90.00 set on Tuesday, December 28, 2021.
Microchip follows other major Information Technology sector earnings this month
Microchip's report follows an earnings beat by Apple on Thursday, April 28, 2022, who reported EPS of $1.52 on revenue of $97.28B, EPS of $1.42 on revenue of $94.03B.
Microsoft had beat expectations on Tuesday, April 26, 2022 with third quarter EPS of $2.22 on revenue of $49.36B, for EPS of $2.19 on revenue of $49.02B.
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