Credo Stock Soars After Q2 Earnings Report: Here's Why

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) shares soared after the company released its second-quarter earnings report after Monday's closing bell, beating estimates on the top and bottom lines.Here's a look at the details in the report. CRDO stock is moving. Watch the price action here.The Details: Credo reported quarterly adjusted earnings of 67 cents per share, which beat the analyst estimate of 49 cents by 36.18%.Quarterly revenue came in at $268.03 million, which beat the consensus estimate of $ ...