These Analysts Cut Their Forecasts On Allegro Microsystems After Q2 Results
Allegro beats Q2 estimates, guides Q3 EPS at $0.25-$0.29 and sales at $278M-$288M; analysts cut price targets despite strong demand.
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Why It Matters
Allegro did better than expected this quarter and showed strong demand. Some analysts lowered their price goals anyway, which means they expect slower growth ahead.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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