Benzinga | Nov 5, 2020 04:17PM EST

Microchip Technology Q2 Adj. EPS $1.56 Beats $1.43 Estimate, Sales $1.31B Beat $1.26B Estimate

Microchip Technology (NASDAQ:MCHP) reported quarterly earnings of $1.56 per share which beat the analyst consensus estimate of $1.43 by 9.09 percent. This is a 9.09 percent increase over earnings of $1.43 per share from the same period last year. The company reported quarterly sales of $1.31 billion which beat the analyst consensus estimate of $1.26 billion by 3.97 percent. This is a 2.09 percent decrease over sales of $1.34 billion the same period last year.