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Take Allegro Microsystems (NASDAQ:ALGM), for example. Ever heard of it?
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The stock price boost was followed by Allegro MicroSystems’ Q3 results on Feb 1, with EPS of $0.32 coming in better than the consensus estimate of $0.29. The company’s revenue grew 2% to $255 million, driven by continued strength in Automotive, which grew 18% year-over-year.
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