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.