Recap: Credo Technology Group Q3 Earnings

Credo Technology Group CRDO reported its Q3 earnings results on Tuesday, February 27, 2024 at 04:05 PM.

Here's what investors need to know about the announcement.

Credo Technology Group beat estimated earnings by 33.0%, reporting an EPS of $0.04 versus an estimate of $0.03.

Revenue was down $1.21 million from the same period last year.

Last quarter the company beat on EPS by $0.01 which was followed by a 7.000000000000001% drop in the share price the next day.

Here's a look at Credo Technology Group's past performance:

Quarter	Q2 2024	Q1 2024	Q4 2023	Q3 2023
EPS Estimate	0	-0.03	-0.04	0.04
EPS Actual	0.01	-0.03	-0.04	0.05
Revenue Estimate	42.70M	34.00M	31.19M	54.26M
Revenue Actual	44.03M	35.09M	32.09M	54.27M

To track all earnings releases for Credo Technology Group visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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