Allegro Microsystems Sees Q3 Adj EPS $0.04-0.08 vs $0.12 Est; Sees Sales $170.000M-180.000M vs $204.75M Est
Portfolio Pulse from Benzinga Newsdesk
Allegro Microsystems has revised its Q3 financial expectations, projecting adjusted EPS between $0.04 and $0.08, below the analyst estimate of $0.12. The company also anticipates sales between $170 million and $180 million, which is lower than the estimated $204.75 million.
October 31, 2024 | 11:35 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Allegro Microsystems has lowered its Q3 financial guidance, with adjusted EPS expected to be significantly below analyst estimates, and sales projections also falling short. This could negatively impact the stock price in the short term.
The company's revised guidance for both EPS and sales is below analyst expectations, which typically leads to negative investor sentiment and potential short-term stock price decline.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100