Benzinga | Oct 28, 2021 08:29AM EDT

Allegro Microsystems Q2 EPS $0.20 Beats $0.18 Estimate, Sales $156.44M Miss $186.84M Estimate

Allegro Microsystems (NASDAQ:ALGM) reported quarterly earnings of $0.20 per share which beat the analyst consensus estimate of $0.18 by 11.11 percent. This is a 88.76 percent decrease over earnings of $1.78 per share from the same period last year. The company reported quarterly sales of $156.44 million which missed the analyst consensus estimate of $186.84 million by 16.27 percent. This is a 37.07 percent increase over sales of $114.14 million the same period last year.