Astera Labs Q1 2024 Adj EPS $0.10 Beats $0.04 Estimate, Sales $65.258M Beat $56.710M Estimate
Portfolio Pulse from Benzinga Newsdesk
Astera Labs (NASDAQ:ALAB) reported Q1 2024 earnings of $0.10 per share, surpassing the $0.04 estimate, and sales of $65.258M, exceeding the $56.710M forecast. This represents a significant improvement over the previous year's losses and sales figures.
May 07, 2024 | 9:22 pm
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Astera Labs reported a strong Q1 2024 with earnings and sales significantly above estimates and a substantial year-over-year growth.
Astera Labs' earnings and sales for Q1 2024 not only surpassed analyst expectations by a wide margin but also showed a remarkable improvement from the previous year's performance. This positive earnings surprise and significant year-over-year growth are likely to instill investor confidence and could lead to a short-term uptick in ALAB's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100