On October 30, Allegro MicroSystems, Inc. fell 5.18% in Pre-Market Trading, trading at $32.45 per share, with turnover of $18.4 thousand.

The move followed the company’s latest quarterly results, after which selling pressure persisted as short-term profit-taking outweighed better-than-expected earnings and guidance.

For fiscal Q2, adjusted diluted EPS was $0.26, up from $0.13 a year earlier and above the $0.25 consensus. Revenue rose to $276.9 million from $214.3 million, also exceeding the $270.9 million expectation. For fiscal Q3, the company guided to adjusted EPS of $0.25 to $0.29 and revenue of $278 million to $288 million, both above market expectations of $0.27 and $276.7 million, respectively.

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