On October 29, Allegro MicroSystems, Inc. fell 5.22% in Regular Trading, trading at $32.795/share, with turnover of $10.2965 million.

The move followed the company’s latest quarterly results: fiscal Q2 adjusted EPS was $0.26 versus $0.13 a year earlier and above the $0.25 consensus, while revenue rose to $276.9 million from $214.3 million and also topped the $270.9 million expectation.

Management also guided fiscal Q3 adjusted EPS to $0.25-$0.29 and revenue to $278 million-$288 million, compared with market expectations of $0.27 and $276.7 million. Even with guidance above consensus, the stock came under pressure as short-term investors appeared to lock in gains after the earnings release.

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