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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.