Why Astera Labs Skyrocketed Today [Yahoo! Finance]
Astera Labs, Inc. (ALAB)
Company Research
Source: Yahoo! Finance
After the market closed yesterday, Astera Labs published its third-quarter results. The company posted sales and earnings for the period that came in significantly better than Wall Street had expected, and it also gave encouraging forward guidance. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » Astera Labs posted non-GAAP (adjusted) earnings per share of $0.23 on sales of $113.1 million in the third quarter. The performance came in significantly ahead of the average Wall Street estimate, which had called for adjusted per-share earnings of $0.17 on sales of roughly $97.4 million. Sales were up 206% year over year in Q3 and 47% on a sequential quarterly basis. Meanwhile, the business recorded an adjusted gross margin of 77.8% and an adjusted operating income margin of 32.4%. The strong results in the quarter suggest that the company's solutions for artificial intelligence (AI) processors are continuing to gain ground.
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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