On Thursday 31st October 2024, Allegro MicroSystems (NASDAQ: ALGM) will release its highly anticipated second quarter financial results. This important announcement is scheduled to occur before market open.
the enterprise is poised to announce an estimated $0.06 profit per share for the quarter, as predicted by financial experts on Wall Street. Additionally, the firm is expected to reveal a total revenue of $187.58 million for this period.
The company's earnings report for the corresponding quarter of the previous year showcased a per-share income of $0.4. This figure was a result of the company's total revenue, which reached an impressive $275.51 million million during that specific period.
Wall Street analysts have offered their forecasts for the company's yearly performance, predicting a total revenue of $784.29 million. At the same time, they are expecting the company to achieve per share profit of $0.38 for the fiscal year ahead.
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ALGM will host a conference call with investment community on 31st October 2024 at 08:30 AM eastern time to discuss the financial results.
Allegro MicroSystems (ALGM) closed Tuesday's regular trading session at $23.82, marking a 1.15 percent increase. The stock fluctuated between $23.38 and $24.14 during the day, with a volume of 2.16 million shares.
