Allegro MicroSystems, Inc. (ALGM) Tops Q3 EPS by 1c
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Allegro MicroSystems Reports Third Quarter of Fiscal Year 2022 Results
February 1, 2022 8:00 AM ESTMANCHESTER, N.H., Feb. 01, 2022 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (Allegro or the Company) (Nasdaq: ALGM), a global leader in power and sensing semiconductor solutions for motion control and energy efficient systems, today announced financial results for its third quarter of fiscal year 2022 that ended December 24, 2021. The Companys net sales of $186.6 million for the three-month period exceeded the top of its guidance range, increasing 13% over the same period of the prior year. Gross margins represented recent records and meaningful progress toward the Companys target of 55%, contributing to better than expected earnings per... More
