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Profit for the microchip maker $MCHP declined 29% in 3Q16, hurt by a turbulent macro and semiconductor industry backdrop. The chip-maker reported 3Q16 net income of $61.2MM, or $0.28 per diluted share, down from net income of $86.1MM, or $0.39 per diluted share, in the prior year quarter. Net sales grew 2.2% YoverY to $540.3MM.
Any idea why some investors are happy about the disastrous $UA results??
Wow! GM killed it with earnings today! Did not expect this after $F gave the feeling it will eclipse the Chevy maker completely!
Oil rebound starting to show up in energy stocks. $XOM $CVX
I have a feeling "CLOUDy" days are ahead, with $AMZN leading the pack.
$AAL is giving pay hikes to its employees but investors are sulking.