Astera Labs falls after wider Q1 loss

Astera Labs

07/05/2024 21:46

** Shares of chip firm Astera Labs  ALAB.O  fall 5.8% to
$71.79 after the bell
    ** ALAB posts wider Q1 loss of $1.77/shr vs 49 cents/shr
last year
    ** However, co reports record quarterly revenue of $65.3
mln, driven by expanding artificial intelligence build-out
    ** As of last close, ALAB shares more than doubled since
debut on March 20

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))