Benzinga | Aug 4, 2020 04:16PM EDT

Microchip Technology Q1 EPS $1.56 Beats $1.43 Estimate, Sales $1.31B Beat $1.28B 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 10.64 percent increase over earnings of $1.41 per share from the same period last year. The company reported quarterly sales of $1.31 billion which beat the analyst consensus estimate of $1.28 billion by 2.34 percent. This is a 0.98 percent decrease over sales of $1.32 billion the same period last year.