05:10 PM EST, 11/04/2024 (MT Newswires) -- Astera Labs ( ALAB ) was surging 19% during Monday extended hours, after reporting Q3 non-GAAP net income of $0.23 per diluted share, compared to a breakeven last year.

Analysts polled by Capital IQ expected $0.17.

Revenue for the quarter ended Sept. 30 was $113.1 million, up from $36.9 million a year earlier.

Analysts expected $97.4 million.

For Q4, the company is projecting non-GAAP EPS of $0.25 to $0.26 on revenue of $126 million to $130 million.

Analysts are looking for $0.18 and $108 million, respectively.

Price: 82.21, Change: +12.56, Percent Change: +18.03