04:59 PM EDT, 08/06/2024 (MT Newswires) -- Astera Labs ( ALAB ) reported Q2 non-GAAP earnings late Tuesday of $0.13 per diluted share, compared with a loss of $0.14 per share a year earlier.

Analysts polled by Capital IQ expected normalized EPS of $0.11.

Revenue for the quarter ended June 30 rose to $76.9 million from $10.7 million a year earlier.

Analysts surveyed by Capital IQ expected $72.5 million.

For Q3, the company expects adjusted EPS of $0.16 to $0.17 on revenue of $95 million to $100 million.

The consensus is for $0.11 and $79.4 million, respectively.

Astera ( ALAB ) shares were up 5.3% in after-hours activity.

Price: 44.75, Change: +2.27, Percent Change: +5.34