Allegro MicroSystems, Inc. (ALGM) Beats Q1 Earnings and Revenue Estimates

Allegro MicroSystems, Inc. (ALGM) came out with quarterly earnings of $0.03 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to earnings of $0.39 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 50%. A quarter ago, it was expected that this company would post earnings of $0.21 per share when it actually produced earnings of $0.25, delivering a surprise of 19.05%.Over the last four quarters, the ...