Credo Technology Expects Q4 Revenue Of $59M-$62M, Est $59.84M
Portfolio Pulse from Benzinga Newsdesk
Credo Technology forecasts Q4 revenue to be in the range of $59M-$62M, slightly above the estimated $59.84M. The company anticipates GAAP gross margin between 63.2% and 65.2%, and non-GAAP gross margin between 64.0% and 66.0%.
February 27, 2024 | 10:41 pm
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Credo Technology expects Q4 revenue to exceed estimates with a forecast range of $59M-$62M and anticipates healthy GAAP and non-GAAP gross margins.
Credo Technology's forecasted revenue exceeding the estimated figures suggests a positive outlook, likely leading to a positive short-term impact on its stock price. The anticipated healthy gross margins further support the company's financial health and operational efficiency, reinforcing the positive sentiment.
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