Allegro Microsystems Q3 Guidance: Adj EPS $0.27-$0.31 vs $0.36 Est; Sales $250M-$260M vs $268.9M Est
Portfolio Pulse from Benzinga Newsdesk
Allegro Microsystems has provided its Q3 guidance, expecting net sales to be between $250M-$260M, lower than the estimated $268.9M. The adjusted EPS is expected to be $0.27-$0.31, lower than the estimated $0.36. The guidance includes two months of activity from the recently acquired Crocus Technologies, which is expected to add $5M to net sales but be $0.03 dilutive to EPS.
November 02, 2023 | 11:15 am
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Allegro Microsystems' Q3 guidance is lower than estimates, which could negatively impact the stock. The acquisition of Crocus Technologies is expected to add to sales but dilute EPS.
The company's Q3 guidance is lower than estimates, which could lead to a negative market reaction. The acquisition of Crocus Technologies is expected to add to sales but also dilute EPS, which could further impact the stock negatively.
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