Microchip Technology Q3 EPS $1.56 Beats $1.55 Estimate, Sales $2.17B Beat $2.15B Estimate

Microchip Technology (NASDAQ:MCHP) reported quarterly earnings of $1.56 per share which beat the analyst consensus estimate of $1.55 by 0.65 percent. This is a 30 percent increase over earnings of $1.20 per share from the same period last year. The company reported quarterly sales of $2.17 billion which beat the analyst consensus estimate of $2.15 billion by 0.89 percent. This is a 23.39 percent increase over sales of $1.76 billion the same period last year.