On October 29, Allegro MicroSystems, Inc. rose 5.09% in After-Hours Trading, trading around $37.50, with turnover of $4.90 million.

The move was associated with strengthening market expectations for revenue and profit recovery ahead of the company’s quarterly results due on October 29 in pre-market trading.

Consensus estimates point to quarterly revenue of about $271 million, up 28.57% year over year, EBIT of about $54.12 million, up 79.91%, and adjusted EPS of about $0.24, up 97.69%. The company had previously guided for revenue of $265 million to $275 million for the quarter, placing investor focus on whether the recovery trend will be confirmed. Broader semiconductor peers were weaker, with Micron Technology, NVIDIA, Advanced Micro Devices, SK hynix, and Broadcom all falling, making Allegro MicroSystems, Inc.’s after-hours rise more notable.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)