Credo Technology shares drop 11.09% premarket after Q1 results
Credo Technology Group stock fell 11.09% premarket. Q1 revenue rose 114.7% to $479.0 million versus $473.30 million consensus; Non-GAAP diluted EPS was $1.20 versus $1.17 expected. GAAP diluted EPS was $0.67.
Credo Technology Group NASDAQ:CRDO fell 11.09% premarket after first quarter revenue rose 114.7% to $479.0 million, ahead of the $473.30 million consensus.
Non-GAAP diluted EPS came in at $1.20 against $1.17 expected.
GAAP diluted EPS was $0.67.GAAP gross margin fell to 64.5% from 67.4% a year earl…