Allegro Microsystems Q4 Earnings, Revenue Fall, Beat Estimates; Q1 Outlook Set, Shares Up

MT Newswires Live

05-08

Allegro Microsystems (ALGM) reported fiscal Q4 adjusted earnings Thursday of $0.06 per share, down from $0.25 a year earlier.

Analysts surveyed by FactSet expected $0.05.

Revenue for the quarter ended March 29 was $192.8 million, down from $240.6 million a year earlier.

Analysts surveyed by FactSet expected $185.4 million.

For fiscal Q1 ending June 27, the company expects revenue between $192 million and $202 million.

Analysts surveyed by FactSet expect $188.1 million.

Allegro projects Q1 adjusted EPS in the range of $0.06 to $0.10.

Analysts surveyed by FactSet expect $0.08.

Shares of the company were up 3.8% in recent Thursday premarket activity.

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