Sees Q4 revenue $230M-$240M, consensus $254.75M. “Allegro is well positioned to support the megatrends of electrification and automation, and we are taking appropriate actions to navigate near-term impacts from inventory digestion,” said Derek D’Antilio, CFO of Allegro. “We are prudently managing our costs and significantly improving cash flow while continuing to invest strategically for growth.”
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on ALGM:
- Allegro MicroSystems Reports Third Quarter 2024 Results
- ALGM Upcoming Earnings Report: What to Expect?
- UPDATE – Allegro MicroSystems to Announce Third Quarter Fiscal Year 2024 Financial Results
- Allegro MicroSystems to Announce Third Quarter Fiscal Year 2024 Financial Results
- Allegro MicroSystems launches AHV85111 isolated gate-driver IC