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ALAB Astera Labs, News Story

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Astera Labs Inc reports results for the quarter ended December 31 - Earnings Summary

* Astera Labs Inc  ALAB.OQ  reported quarterly adjusted
earnings
of 37 cents​​ per share for the quarter ended December 31.  The
mean expectation of twelve analysts for the quarter was
for earnings of 26 cents per share. Wall Street expected
results to range from 25 cents to 27 cents per share.
    * Revenue was $141.10 million​; analysts expected $127.98
million. 
    * Astera Labs Inc's reported EPS for the quarter was 14
cents​.
    * The company reported quarterly net income of $24.71
million.
    * Astera Labs Inc shares had fallen by 23.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the
semiconductors peer
group is also "buy"

Wall Street's median 12-month price target for Astera Labs Inc
is $120.00 
This summary was machine generated from LSEG data February 10 at
10:41 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.26           0.37           Beat
 Sep. 30 2024      0.17           0.23           Beat
 Jun. 30 2024      0.11           0.13           Beat
 Mar. 31 2024      0.04           0.27           Beat

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