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CRDO / Credo Technology Group stock surges on 4Q financial results

Credo Technology Group Holding Ltd shares climbed 24% to $16.66 on Thursday after the developer of connectivity solutions and products for the data infrastructure market reported fourth-quarter fiscal 2023 revenue that fell 15% year over year to $32.1 million, but surpassed the $31.3 million FactSet consensus estimate. Credo's loss for the quarter swelled to $15.9 million, or $0.11 a share, from a loss of $5.4 million, or $0.04 a share, a year earlier, although the company's adjusted loss of $0.04 a share matched expectations. Read More

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Posted: Jun 1 2023, 15:58

Author Name: Proactive Investors

CRDO News

By The Motley Fool
August 25, 2023

Why Credo Technology Stock Rose This Week

The company met management's short-term forecast in Q1. Yet expected sales declines in the current quarter lessened investors' enthusiasm.

By Seeking Alpha
August 24, 2023

Credo Technology Group Holding Ltd (CRDO) Q1 2024 Earnings Call Transcript

Credo Technology Group Holding Ltd (NASDAQ:CRDO ) Q1 2024 Earnings Conference Call August 24, 2023 4:15 PM ET Company Participants Dan O'Neil - VP-Cor

By Zacks Investment Research
August 24, 2023

Credo Technology Group Holding Ltd. (CRDO) Reports Q1 Loss, Tops Revenue Estimates

Credo Technology Group Holding Ltd. (CRDO) came out with a quarterly loss of $0.03 per share in line with the Zacks Consensus Estimate.

By Proactive Investors
June 1, 2023

Credo Technology Group stock surges on 4Q financial results

Credo Technology Group Holding Ltd shares climbed 24% to $16.66 on Thursday after the developer of connectivity solutions and products for the data in

By Seeking Alpha
May 31, 2023

Credo Technology Group Holding Ltd (CRDO) Q4 2023 Earnings Call Transcript

Credo Technology Group Holding Ltd (NASDAQ:CRDO ) Q4 2023 Earnings Conference Call May 31, 2023 5:00 PM ET Company Participants Dan O'Neil - Vice Pres

By Zacks Investment Research
May 31, 2023

Credo Technology Group Holding Ltd. (CRDO) Reports Q4 Loss, Tops Revenue Estimates

Credo Technology Group Holding Ltd. (CRDO) came out with a quarterly loss of $0.04 per share in line with the Zacks Consensus Estimate.

By Zacks Investment Research
May 26, 2023

Strength Seen in Credo Technology Group Holding Ltd. (CRDO): Can Its 9.6% Jump Turn into More Strength?

Credo Technology Group Holding Ltd. (CRDO) witnessed a jump in share price last session on above-average trading volume.

By Seeking Alpha
March 1, 2023

Credo Technology Group Holding Ltd (CRDO) Q3 2023 Earnings Call Transcript

Credo Technology Group Holding Ltd (NASDAQ:CRDO ) Q3 2023 Earnings Conference Call March 1, 2023 5:00 PM ET Company Participants Dan O'Neil - Vice Pre

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