Credo Technology Fiscal Q2 Non-GAAP Earnings, Revenue Rise; Shares Surge After Hours-March 2024-www.financetom.com

Credo Technology Fiscal Q2 Non-GAAP Earnings, Revenue Rise; Shares Surge After Hours

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Credo Technology Fiscal Q2 Non-GAAP Earnings, Revenue Rise; Shares Surge After Hours

Dec 2, 2024 1:45 PM

04:23 PM EST, 12/02/2024 (MT Newswires) -- Credo Technology Group Holding ( CRDO ) reported fiscal Q2 non-GAAP earnings late Monday of $0.07 per diluted share, up from $0.01 a year earlier.

Analysts polled by FactSet expected $0.05.

Revenue for the quarter ended Nov. 2 rose to $72 million from $44 million a year earlier.

Analysts polled by FactSet expected $66.8 million.

For fiscal Q3, the company said it expects revenue of $115 million to $125 million. Analysts polled by FactSet project $86 million.

Shares of the company surged past 32% in recent after-hours activity.

Price: 63.16, Change: +15.36, Percent Change: +32.13

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