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Reporting better-than-expected earnings and sales positions ALGM favorably, similar to past quarters where exceeded expectations led to sustained upward momentum.
What happened, with direct paths to the underlying reporting
ALGM exceeded Q4 earnings expectations, reporting 6 cents EPS vs 5 cents forecast. Q4 sales reached $192.82 million, surpassing estimates of $185.28 million. First-quarter guidance predicts earnings of 6-10 cents on $192-$202 million sales. Shares surged 12.7% post-announcement to close at $21.07. Analysts adjust price targets: Needham lowers to $25, Barclays raises to $23.
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