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Allegro MicroSystems Expects Q4 Net Sales of $230M-$240M Vs $254.75M Est, EPS of $0.19-$0.23 Vs $0.28 Est

Author: Benzinga Newsdesk | February 01, 2024 08:06am

Business Outlook

For the fourth quarter ending March 29, 2024, the Company expects net sales to be in the range of $230 million to $240 million. The Company also estimates the following results on a non-GAAP basis:

  • Gross Margin is expected to be between 53% and 54%,
  • Operating Expenses are expected to be approximately 31% of sales, and
  • Diluted Earnings per Share is expected to be in the range of $0.19 to $0.23.

Posted In: ALGM


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