Markets ALAB

Astera Labs Inc. Bottom Line Advances In Q2

(RTTNews) - Astera Labs Inc. (ALAB) announced a profit for its second quarter that Increases, from the same period last year

The company's bottom line totaled $153.088 million, or $0.83 per share. This compares with $51.219 million, or $0.29 per share, last year.

Excluding items, Astera Labs Inc. reported adjusted earnings of $145.816 million or $0.80 per share for the period.

The company's revenue for the period rose 104.5% to $392.400 million from $191.925 million last year.

Astera Labs Inc. earnings at a glance (GAAP) :

-Earnings: $153.088 Mln. vs. $51.219 Mln. last year. -EPS: $0.83 vs. $0.29 last year. -Revenue: $392.400 Mln vs. $191.925 Mln last year.

-Guidance: Next quarter EPS guidance: $ 1.16 To $ 1.21 Next quarter revenue guidance: $ 540 M To $ 560 M

RTTNews
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.
More articles by this source

Tags

Stocks Mentioned

Latest Articles

Data is currently not available