Astera Labs pops as Q3 results, guidance blow past Wall Street’s forecast (ALAB:NASDAQ)

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Astera Labs (ALAB) shares rose 3.2% in extended trading after the semiconductor company reported third-quarter results and guidance that topped Wall Street’s expectations by a wide margin.

For the period ending Sept. 30, Astera said it earned an adjusted $0.49, above the $0.39 per share