Credo Technology Group Q1 Adj EPS $(0.03), Inline, Sales $35.09M Beat $34.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Credo Technology Group (NASDAQ:CRDO) reported Q1 adjusted losses of $(0.03) per share, in line with analyst consensus. This is a 200% decrease from the same period last year. The company's quarterly sales of $35.09 million beat the analyst consensus estimate of $34.00 million by 3.22%, but this is a 24.47% decrease from the same period last year.
August 24, 2023 | 8:06 pm
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Credo Technology Group's Q1 earnings were in line with estimates, but showed a significant decrease from the same period last year. Sales beat estimates but were also down year-over-year.
Credo Technology Group's Q1 earnings were in line with estimates, which is generally positive. However, the significant decrease in earnings and sales compared to the same period last year could negatively impact investor sentiment and the company's stock price in the short term.
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RELEVANCE 100