Credo Technology Strong Earnings Fails To Stem Stock Slide

Credo Technology, on Monday, reported quarterly adjusted earnings of $1.07 per share, surpassing the consensus estimate of 95 cents, while revenue reached $407.01 million, exceeding the $400.23 million forecast. Credo Technology Group Holding Ltd. (NASDAQ:CRDO) shares are down during Tuesday's premarket session following the company's recent third-quarter earnings report. The stock's decline comes as it reported strong quarterly results, but broader market pressures are adding to the downward momentum, with ...