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)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。