Microchip Technology (NASDAQ:MCHP) reported quarterly earnings of $0.11 per share which met the analyst consensus estimate. This is a 80.7 percent decrease over earnings of $0.57 per share from the same period last year. The company reported quarterly sales of $970.50 million which beat the analyst consensus estimate of $962.76 million by 0.80 percent. This is a 26.81 percent decrease over sales of $1.33 billion the same period last year.