Nvidia Supplier Astera Labs Surges on Strong Q3 Results [Yahoo! Finance]
Astera Labs, Inc. (ALAB)
Company Research
Source: Yahoo! Finance
The company reported quarterly revenue of $113.1 million, up 47% from the prior quarter and 206% year-over-year, while showing a net loss of $7.6 million, or 5 cents a share. Astera Labs makes chip-based connectivity products to boost the efficiency of AI. Astera Labs ( ALAB ) shares are jumping around 30% Tuesday morning, after the Nvidia ( NVDA ) supplier reported on Monday strong third-quarter earnings results on the back of demand for its artificial intelligence (AI products. The company, which makes chip-based connectivity products to boost the efficiency of AI, reported quarterly revenue of $113.1 million, up 47% from the prior quarter and 206% year-over-year, while showing a net loss of $7.6 million, or 5 cents a share. It also forecast fourth-quarter revenue of between $126 million and $130 million and earnings per share between 4 cents to 6 cents. Astera, which went public in March , said in its initial public offering (IPO) filing that its customers include severa
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ALAB
News
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ALAB
Earnings
- 11/4/24 - Beat
ALAB
Sec Filings
- 11/22/24 - Form 144
- 11/20/24 - Form 4
- 11/20/24 - Form 4
- ALAB's page on the SEC website