Astera Labs, Inc.
- Astera Labs Inc. dropped 4.5% to $98.65 despite the plug-and-play data network switches for artificial intelligence servers provider reporting strong fourth-quarter results.
Revenue increased to $141.1 million from $50.5 million, net income jumped to $24.7 million from $14.3 million, and earnings per diluted share rose to 14 cents from zero cents a year ago.
For the first quarter of 2025, the company estimated revenue between $151 million and $155 million, compared to $65.3 million in the same quarter last year, and GAAP earnings per diluted share between 3 cents and 4 cents, compared to a loss of $1.77 a year ago.
Feb 11, 2025
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