Credo Technology Group Q3 2024 Adj EPS $0.04 Beats $0.03 Estimate, Sales $53.06M Beat $52.04M Estimate
Portfolio Pulse from Benzinga Newsdesk
Credo Technology Group (CRDO) reported Q3 2024 adjusted EPS of $0.04, surpassing the $0.03 estimate, with sales of $53.06M beating the $52.04M estimate, despite a 2.23% decrease from the previous year.
February 27, 2024 | 9:22 pm
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Credo Technology Group reported higher than expected Q3 2024 earnings and sales, with an EPS of $0.04 and sales of $53.06M.
Beating both EPS and sales estimates typically generates positive investor sentiment, likely leading to a short-term increase in stock price. The decrease in sales year-over-year is a concern, but the beat on estimates may overshadow this in the short term.
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