Astera Labs shares sink 10% as revenue comes up short of some expectations
Astera Labs reported fourth-quarter earnings that beat on top and bottom lines, but shares plunged as much as 10% as revenue came short of some analysts' expectations. Here's how the artificial intelligence infrastructure and semiconductor company did compared to LSEG consensus estimates:Earnings per share: 58 cents vs. 51 cents expectedRevenue: $271 million vs. $250 million expectedRevenue in the fourth quarter rose 92% year over year. However, some analysts were expecting the company to report revenue in ...