Allegro MicroSystems (NASDAQ:ALGM – Get Free Report) posted its earnings results on Thursday. Here are the key takeaways from Allegro MicroSystems’ conference call:Get Allegro MicroSystems alerts:Beat guidance in Q3 with $229 million in sales and non-GAAP EPS of $0.15 , while gross margin improved to 49.9% and EPS rose 114% year?over?year, highlighting strong operating leverage. Allegro MicroSystems Stock Up 0.7%Allegro MicroSystems stock traded up $0.25 during mid-day trading on Thursday, hitting $34.80. Allegro MicroSystems has a 1-year low of $16.38 and a 1-year high of $39.89. Read MoreReceive News & Ratings for Allegro MicroSystems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allegro MicroSystems and related companies with MarketBeat.com's FREE daily email newsletter.