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Microchip Technology Gears Up For Q4 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Microchip Technology Incorporated (NASDAQ:MCHP) is expected to release earnings results for its fourth quarter, after the closing bell on May 6.
Analysts expect the Chandler, Arizona-based company to report quarterly earnings at 57 cents per share, down from $1.64 per share in the year-ago quarter. Microchip Technology is projected to report quarterly revenue of $1.33 billion, compared to $2.23 billion in the year-earlier quarter, according to data from Benzinga Pro.
On April 15, Microchip Technology said it has acquired Neuronix AI Labs. However, terms of the deal were not fisclosed.
Microchip Technology shares rose ...