Microchip Technology (NASDAQ:MCHP) reported quarterly earnings of $1.20 per share which beat the analyst consensus estimate of $1.17 by 2.56 percent. This is a 48.15 percent increase over earnings of $0.81 per share from the same period last year. The company reported quarterly sales of $1.76 billion which beat the analyst consensus estimate of $1.75 billion by 0.46 percent. This is a 30.03 percent increase over sales of $1.35 billion the same period last year.
Stephens & Co. Downgrades Ally Financial to Equal-Weight, Announces $67 Price Target
Stephens & Co. analyst Vincent Caintic downgrades Ally Financial (NYSE:ALLY) from Overweight to Equal-Weight and announces $67 price target.
