By Denny Jacob
Allegro MicroSystems widened its loss and reported lower sales in its latest quarter, reflecting the more dynamic operating environment under way for businesses at large.
The chip maker widened its loss to $14.8 million, or 8 cents a share, for the fourth quarter ended March 28, compared with $7.1 million, or 4 cents a share, in the prior-year period.
Stripping out certain one-time items, earnings came in at 6 cents a share. Analysts polled by FactSet had expected 5 cents a share in adjusted earnings.
Sales declined to $192.8 million from $240.6 million.
"While the environment remains dynamic, we are encouraged by the positive momentum we are seeing across the business and the signals we are seeing from our customers," said Chief Executive Mike Doogue.
For the first quarter, Allegro guided for adjusted earnings per-share between 6 cents and 10 cents. Analysts polled by FactSet expect 8 cents a share in adjusted earnings.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
May 08, 2025 07:39 ET (11:39 GMT)
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