Credo Technology Group Q2 EPS $0.01 Down From $0.02 YoY, Sales $44.03M Down From $51.37M YoY
Portfolio Pulse from Benzinga Newsdesk
Credo Technology Group reported a decrease in Q2 earnings to $0.01 per share from $0.02 YoY and a 14.28% drop in sales to $44.03M from $51.37M YoY.
November 29, 2023 | 9:15 pm
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Credo Technology Group reported a 50% decrease in Q2 EPS to $0.01 and a 14.28% decrease in sales to $44.03M compared to last year.
The reported decrease in both earnings per share and sales indicates a negative performance compared to the previous year, which is likely to be viewed unfavorably by investors and could lead to a short-term decline in the stock price.
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IMPORTANCE 90
RELEVANCE 100