Why Astera Labs Stock Is Sinking This Week
Astera Labs (NASDAQ: ALAB) stock is seeing a substantial valuation pullback in this week's trading. The semiconductor company's share price was down 15.4% from last week's market close as of 10 a.m. ET, according to data from S&P Global Market Intelligence.Astera Labs published its fourth-quarter results after the market closed on Monday and actually reported sales and earnings for the period that beat Wall Street's expectations. But despite topping sales and earnings expectations, the stock sold off because some investors didn't think the results were strong enough to justify the company's valuation.Astera Labs posted non-GAAP (adjusted) earnings per share of $0.37 on revenue of $141.1 million in the fourth quarter. For comparison, the average Wall Street estimate had called for the business to post adjusted earnings per share of $0.26 on revenue of $127.2 million.Continue reading
Astera Labs (NASDAQ: ALAB) stock is seeing a substantial valuation pullback in this week's trading. The semiconductor company's share price was down 15.4% from last week's market close as of 10 a.m. ET, according to data from S&P Global Market Intelligence.
Astera Labs published its fourth-quarter results after the market closed on Monday and actually reported sales and earnings for the period that beat Wall Street's expectations. But despite topping sales and earnings expectations, the stock sold off because some investors didn't think the results were strong enough to justify the company's valuation.
Astera Labs posted non-GAAP (adjusted) earnings per share of $0.37 on revenue of $141.1 million in the fourth quarter. For comparison, the average Wall Street estimate had called for the business to post adjusted earnings per share of $0.26 on revenue of $127.2 million.
