Credo Stock Falls Despite Beating Fiscal Q1 Targets

Credo Technology (CRDO) late Tuesday beat estimates for its fiscal first quarter and with its gross sales outlook. But Credo stock fell in prolonged trading on continued worries about its revenue margins. The San Jose, Calif.-based maker of AI information middle connectivity gear earned an adjusted $1.20 a share on gross sales of $479 million in the quarter ended Aug. 1. Analysts…