Allegro Microsystems Q1 EPS $0.39 Beats $0.37 Estimate, Sales $278.29M Beat $275.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Allegro Microsystems (NASDAQ:ALGM) reported Q1 earnings of $0.39 per share, beating the analyst consensus estimate of $0.37 by 5.41%. This is a 62.5% increase from the same period last year. The company also reported quarterly sales of $278.29 million, beating the analyst consensus estimate of $275.00 million by 1.20%. This is a 27.80% increase from the same period last year.
August 01, 2023 | 11:27 am
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POSITIVE IMPACT
Allegro Microsystems reported better than expected Q1 earnings and sales, which could positively impact its stock price.
Allegro Microsystems reported Q1 earnings and sales that beat analyst estimates. This positive financial performance could lead to increased investor confidence and a potential rise in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100