Microchip (MCHP) To Post Q4 Earnings: What's In Store?
Zacks Investment Research | May 04, 2017 09:28PM ET
Microchip Technology Inc. (NASDAQ:MCHP) is set to release fourth-quarter fiscal 2017 earnings on May 9. We note that on average the company has delivered positive earnings surprises in three of the trailing four quarters, including a massive beat of 23.46% in the last quarter.
Moreover, adjusted earnings (excluding stock-based compensation) advanced 64.1% year over year and 11.7% sequentially to $1.05 per share in the quarter. The strong growth was driven by higher net sales, which surged 59.6% from the year-ago quarter to $881.2 million. On a sequential basis, net sales increased almost 1%.
The impressive result has helped the shares outperform the Zacks Zacks Investment Research
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