Shares of analog chipmaker Microchip Technology (NASDAQ:MCHP)
jumped 11.8% in the afternoon session after the company reported strong first quarter 2025 results with revenue guidance for next quarter topping analysts' expectations. In addition, EPS outperformed Wall Street's estimates.
Let's delve into the developments on the US markets in the middle of the day on Friday. Below, you'll find the top gainers and losers within the S&P500 index during today's session.
Wall Street traded slightly lower by midday Friday, as investors adopted a wait-and-see stance ahead of a potential trade breakthrough, with high-stakes negotiations between U.S. officials—led by Treasury Secretary Scott Bessent—and Chinese authorities set to unfold over the weekend.
Microchip Technology Inc. (NASDAQ:MCHP) reported Q4 results, beating revenue estimates and achieving a book-to-bill ratio >1 for the first time in 3 years.
After the closing bell on Thursday, let's take a glimpse of the US markets and explore the top S&P500 gainers and losers in today's after-hours session.
Analog chipmaker Microchip Technology (NASDAQ:MCHP) announced better-than-expected revenue in Q1 CY2025, but sales fell by 26.8% year on year to $970.5 million. On top of that, next quarter’s revenue guidance ($1.05 billion at the midpoint) was surprisingly good and 5.1% above what analysts were expecting. Its non-GAAP profit of $0.11 per share was in line with analysts’ consensus estimates.
U.S. stocks rallied Thursday after the Trump administration signed its first major trade agreement with the United Kingdom, igniting optimism about further global deals — especially with China — and lifting investor appetite for riskier assets.
U.S. stocks traded mixed at midday Wednesday, as investors remained cautious ahead of the Federal Reserve’s upcoming policy decision, with Chair Jerome Powell set to speak at 2:30 p.m. ET.
Many investors pay attention to mid-cap stocks because they have established business models and expansive market opportunities.
However, their paths to becoming $100 billion corporations are ripe with competition, ranging from giants with vast resources to agile upstarts eager to disrupt the status quo.
As the regular session of the US market concludes on Monday, let's get an insight into the after-hours session and identify the top gainers and losers in the S&P500 index.
