Published on 8 Jun 2022 on Zacks via Yahoo Finance
Why Is Microchip Tech (MCHP) Up 3.6% Since Last Earnings Report?
It has been about a month since the last earnings report for Microchip Technology (MCHP). Shares have added about 3.6% in that time frame, underperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Microchip Tech due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.
Microchip Q4 Earnings Top Estimates, Revenues Rise Y/Y