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.
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Credo Technology falls on margin pressure despite earnings beat
Credo Technology shares fell after fiscal first-quarter revenue of $479 million and adjusted EPS of $1.20 beat estimates, as investors focused on narrowing gross margin, higher costs and a softer operating margin.