Microchip Technology (NASDAQ: MCHP) reported quarterly earnings of $0.44 per share which beat the analyst consensus estimate of $0.41 by 6.8 percent. This is a 120 percent increase over earnings of $0.20 per share from the same period last year. The company reported quarterly sales of $1.186 billion which beat the analyst consensus estimate of $1.181 billion by 0.46 percent. This is a 15.59 percent increase over sales of $1.026 billion the same period last year.