Astera Labs Expects Q2 Revenue To Increase 10%-12% From Prior Quarter; Ad EPS Of Approximately $0.11 (Est $0.06)
Portfolio Pulse from Benzinga Newsdesk
Astera Labs anticipates a 10%-12% increase in Q2 revenue compared to the previous quarter, with an expected EPS of $0.11, surpassing the estimate of $0.06.
May 07, 2024 | 9:49 pm
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Astera Labs expects a significant increase in Q2 revenue and a higher EPS than estimated, indicating strong financial performance.
Astera Labs' anticipated increase in Q2 revenue and higher-than-expected EPS suggest a positive outlook for the company's financial health and operational efficiency. This news is likely to be viewed favorably by investors, potentially leading to an increase in stock price in the short term.
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