Astera Labs Reports Strong Earnings and Revenue; Stock Falls
Astera Labs reported better-than-expected earnings and revenue and forecast fourth-quarter results above Wall Street expectations. Its stock fell despite the results.
By Mariapaula GonzalezAstera Labs is expanding beyond chips into broader artificial-intelligence infrastructure, and its third-quarter earnings show strong demand for its connectivity products.The company delivered better-than-expected earnings and revenue and forecast a fourth quarter above Wall S…