Allegro outperformed EPS expectations, improving operating m...

Moomoo AI Nov 2, 2023 19:45

Allegro outperformed EPS expectations, improving operating margin, yet faced criticism for uninspiring Q3 revenue forecast and rising inventory levels. The market welcomed Q2 results with a 4.04% dip in share value. Allegro's appeal as an investment should be gauged against its valuation and recent quarterly achievements.

No Surprises In Allegro MicroSystems's (NASDAQ:ALGM) Q2 Sales Numbers But Quarterly Guidance Underwhelms

Disclaimer: The above information does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliates. Read more

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