Allegro MicroSystems Sees Q2 Sales $270M-$280M Vs $269.67M Est., EPS $0.35-$0.39 Vs $0.35 Est.algm
Portfolio Pulse from Benzinga Newsdesk
Allegro MicroSystems has projected its Q2 sales to be between $270M-$280M, which is higher than the estimated $269.67M. The company also expects its EPS to be between $0.35-$0.39, matching or exceeding the estimated $0.35.
August 01, 2023 | 11:32 am
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Allegro MicroSystems' higher than expected Q2 sales and EPS forecasts may positively impact its stock price.
Allegro MicroSystems' Q2 sales forecast is higher than the estimated $269.67M, and its EPS is expected to match or exceed the estimated $0.35. This positive financial outlook may increase investor confidence and drive up the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100