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Stock impact report

Astera Labs Third Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]

Astera Labs, Inc. (ALAB) 
Company Research Source: Yahoo! Finance
Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) also surpassed analyst estimates by 28%. Looking ahead, revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor industry in the US. Performance of the American Semiconductor industry. The company's shares are up 29% from a week ago. Following the latest earnings results, Astera Labs may be overvalued based on 6 different valuation benchmarks we assess. Discover what analysts are forecasting and how the current share price shapes up by clicking here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a r Show less Read more
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