Microchip Technology (MCHP) Declares $0.45 Quarterly Dividend; 2.1% Yield

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Microchip Technology (MCHP) stock slips after FQ3 revenue miss

February 1, 2024 4:29 PM EST

Microchip Technology (NASDAQ: MCHP) saw its shares slip 2% in after-hours trade after the companys Q3 revenue missed expectations.

The company posted third-quarter earnings per share (EPS) of $1.08, beating the consensus projection of $1.05. Revenue came in at $1.77 billion, just below the estimated $1.78 billion.... More