Astera Labs, Inc. (ALAB) stock plunged 5.12% in after-hours trading on Monday, despite reporting better-than-expected Q4 2024 results. The sell-off came as the company's Q1 2025 outlook fell short of analyst estimates.
For the fourth quarter ended Dec. 31, 2024, Astera Labs reported non-GAAP earnings per share of $0.37, surpassing the consensus estimate of $0.26. Revenue also topped expectations, coming in at $141.1 million compared to the projected $127.9 million.
However, the company's guidance for the first quarter of fiscal 2025 disappointed investors. Astera Labs forecasted revenue in the range of $151 million to $155 million and non-GAAP EPS between $0.28 and $0.29. Analysts had anticipated revenue of $133.8 million and EPS of $0.25, suggesting the outlook was slightly below expectations.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.