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5 Takeaways From an Eventful Tech Earnings Season

5 Takeaways From an Eventful Tech Earnings Season Among other things, results revealed that quite a few firms are now facing a higher bar, and that reopenings have begun affecting consumer behavior in a number of ways. May 08, 2021 | 07:30 AM EDT As usual, the arrival of a few hundred tech earnings reports and calls during earnings season has put some big-picture themes into focus for the sector. Here are some of the ones that have particularly stood out to me. 1. The Bar Is Being Set Higher for a Lot of Tech Favorites Apple s (AAPL) stock is trading slightly below where it stood before it posted a blowout earnings report one in which it disclosed 60%-plus iPhone, iPad and Mac growth on April 28. Likewise, Amazon.com  (AMZN) is below where it stood before it trounced estimates on April 29 thanks to better-than-expected international, seller services and ad growth. And though Roku (ROKU) rose sharply on Friday after blowing past sales estimates and issuing strong gui

Microchip Technology (MCHP) Q4 2021 Earnings Call Transcript

Operator Good day, everyone and welcome to Microchip s fourth-quarter fiscal 2021 financial results call. As a reminder, today s call is being recorded. At this time, I d like to turn the call over to Microchip s chief financial officer, Mr. Eric Bjornholt. Please go ahead, sir. Chief Financial Officer Thank you, and good afternoon, everyone. During the course of this conference call, we will be making projections and other forward-looking statements regarding future events or the future financial performance of the company. We wish to caution you that such statements are predictions and that actual results and events may differ materially. We refer you to our press release today as well as our recent filings with the SEC that identify important risk factors that may impact Microchip s business and results of operations.

Earnings Scheduled For May 6, 2021

Earnings Scheduled For May 6, 2021
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Microchip Tech: Fiscal Q4 Earnings Snapshot

Microchip Tech: Fiscal Q4 Earnings Snapshot May 6, 2021 FacebookTwitterEmail CHANDLER, Ariz. (AP) Microchip Technology Inc. (MCHP) on Thursday reported fiscal fourth-quarter net income of $116 million. The Chandler, Arizona-based company said it had net income of 41 cents per share. Earnings, adjusted for amortization costs and to extinguish debt, came to $1.85 per share. The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.74 per share. The chipmaker posted revenue of $1.47 billion in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $1.45 billion. For the year, the company reported profit of $349.4 million, or $1.29 per share. Revenue was reported as $5.44 billion.

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