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Benzinga
Benzinga
Business
Avi Kapoor

Why Astera Labs Shares Are Trading Higher By Over 17%; Here Are 20 Stocks Moving Premarket

Astera Labs ALAB
Display,Of,Stock,Market,Quotes

Shares of Astera Labs, Inc. (NASDAQ:ALAB) rose sharply in pre-market trading after the company reported better-than-expected second-quarter financial results and issued third-quarter guidance above estimates.

The company reported a 20% quarter-over-quarter increase in revenue, reaching a record $191.9 million during the second quarter. This represents a 150% year-over-year rise.

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