Allegro MicroSystems Q4 Results Top Estimates; Stock Down 11% On Weak Outlook

RTTNews | 476 days ago
Stocktwits
Allegro MicroSystems Q4 Results Top Estimates; Stock Down 11% On Weak Outlook

(RTTNews) - Allegro MicroSystems, Inc. (ALGM) on Thursday reported a net loss attributable to the company of $7.12 million or $0.04 per share, compared to net income of $61.98 million or $0.32 per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter was $0.25 per share, compared to $0.37 per share in the year-ago quarter.

On average, eight analysts polled by Thomson Reuters expected the company to report earnings of $0.21 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales for the quarter decreased to $240.58 million from $269.45 million in the same quarter last year. Analysts expected net sales of $234.93 million for the quarter.

Looking ahead to the first quarter of fiscal 2025, the company expects earnings in a range of $0.01 to $0.03 per share on net sales between $160 million and $170 million. The Street is looking for earnings of $0.17 per share on net sales of $214.33 million for the quarter.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: ALGM
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Switzerland Logs Weaker Growth, Trims 2026 Outlook

Switzerland Logs Weaker Growth, Trims 2026 Outlook

The Swiss economy expanded modestly in the second quarter, as estimated earlier, and higher U.S. tariffs are set to push down growth prospects, the State Secretariat for Economic Affairs said Thursday. Gross domestic product grew 0.1 percent from the first quarter, unchanged from the flash estimate. Growth softened notably from 0.7 percent in the first quarter.
RTTNews | 22 minutes ago
U.S. Weekly Jobless Claims Edge Down To 229,000

U.S. Weekly Jobless Claims Edge Down To 229,000

A report released by the Labor Department on Thursday showed a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 23rd.
RTTNews | 35 minutes ago
FTSE 100 Down 0.4% In Cautious Trade

FTSE 100 Down 0.4% In Cautious Trade

After a slightly positive start, U.K. stocks turned weak Thursday morning with investors treading cautiously amid a lack of triggers. Shares of financials and utilities companies are struggling a bit.
RTTNews | 1h 46min ago
CAC Up Slightly; Pernod Ricard Rises On Earnings

CAC Up Slightly; Pernod Ricard Rises On Earnings

The French market is up slightly a little past noon on Thursday, supported by data showing an increase in new car registrations in Europe, and stronger-than-expected results and forecast from AI chip major Nvidia.
RTTNews | 2h 4min ago
DAX Retreats After Firm Start, Down Marginally

DAX Retreats After Firm Start, Down Marginally

After opening on a strong note thanks to easing AI slowdown fears after Nvidia's impressive results, the German market retreated and slipped into negative territory on Thursday. Despite paring some early gains, auto stocks remain fairly well up in positive territory.
RTTNews | 2h 28min ago
Sensex, Nifty Retreat On US Tariff Worries

Sensex, Nifty Retreat On US Tariff Worries

Indian shares fell sharply on Thursday as traders waited to see how New Delhi responds to pressure from Washington to stop buying Russian oil after the 50 percent tariffs levied by the U.S. on Indian goods came into effect on Wednesday.
RTTNews | 2h 49min ago
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