Microchip Technology (MCHP) Tops Q3 Earnings Estimates

Microchip Technology (MCHP) came out with quarterly earnings of $1.08 per share, beating the Zacks Consensus Estimate of$ 1.06 per share. This compares to earnings of $1.56 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.89%. A quarter ago, it was expected that this chipmaker would post earnings of$ 1.62 per share when it actually produced earnings of $1.62, delivering no surprise.Over the last four quarters, the company has ...