Credo Technology shares fall despite triple-digit first-quarter revenue growth
Credo Technology Group (CRDO) shares dropped about 7% as fiscal first-quarter revenue rose 114.7% year over year to $479 million and earnings came in above expectations.
Credo Technology Group NASDAQ:CRDO shares fell about 7% Wednesday even after the semiconductor connectivity provider posted triple-digit revenue growth and earnings above expectations.Revenue for the fiscal first quarter jumped 114.7% year over year to $479 million, while non-GAAP earnings per shar…