Microchip Technology beats Q2 estimates as adjusted EPS jumps 177%
Photo: Crypto Briefing
The chipmaker topped both earnings and revenue forecasts, with sales up 42% year over year Microchip Technology just posted the kind of quarter that makes a semiconductor bear reach for the antacids. The company beat Wall Street estimates for both earnings and revenue in its fiscal second quarter. Adjusted earnings per share climbed 177% year over year. Sales rose 42% over the same period. That gap has a name: operating leverage. Think of a restaurant that pays the same rent whether it serves 50 tables or 100.
Source: Crypto Briefing
