Allegro MicroSystems (ALGM) reported fiscal Q3 adjusted earnings Thursday of $0.07 per diluted share, compared with $0.32 a year earlier.
Analysts surveyed by FactSet expected $0.06.
Net sales for the quarter ended Dec. 27 was $177.9 million, compared with $255 million a year earlier.
Analysts surveyed by FactSet expected $176.3 million.
For fiscal Q4 the company said it expects earnings of $0.03 to $0.07 per diluted share on net sales of $180 million to $190 million. Analysts surveyed by FactSet expect a loss of $0.04 per share on net sales of $184.3 million.
Shares of Allegro MicroSystems were up 0.2% in recent premarket activity.
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