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Technology Stocks : Semi Equipment Analysis
SOXX 297.50-2.6%Nov 6 4:00 PM EST

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To: Return to Sender who wrote (92263)5/6/2024 8:24:05 PM
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Microchip reports EPS in-line, revs in-line; guides Q1 (Jun) EPS below consensus, revs below consensus; increases quarterly dividend by 18%

4:21 PM ET 5/6/24 | Briefing.com

Reports Q4 (Mar) earnings of $0.57 per share, excluding non-recurring items, in-line with the FactSet Consensus of $0.57; revenues fell 40.6% year/year to $1.33 bln vs the $1.33 bln FactSet Consensus. Co issues downside guidance for Q1 (Jun), sees EPS of $0.48-0.56, excluding non-recurring items, vs. $0.58 FactSet Consensus; sees Q1 revs of $1.22-1.26 bln vs. $1.33 bln FactSet Consensus.Record quarterly dividend declared today for the June quarter of 45.2 cents per share, an increase of 18.0% from the year ago quarter.
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