Stock Track | Credo Technology Group Plunges 11.09% After-Hours Despite Q4 Earnings Beat on Profit-Taking, Outlook Concerns

Stock Track

Jun 02

Credo Technology Group Holding Ltd (CRDO) experienced a significant after-hours plunge of 11.09% on Monday, following the release of its fiscal fourth-quarter financial results.

The connectivity solutions provider reported quarterly adjusted earnings of $1.16 per share, surpassing the analyst consensus estimate of $1.03. Revenue for the quarter reached $437 million, also exceeding expectations of $432 million and representing a year-over-year increase of over 150%.

Despite the earnings beat, the stock faced heavy selling pressure in extended trading. Analysis suggests the decline was driven by profit-taking activity following a substantial multi-day rebound in the stock's price. Furthermore, while the company provided first-quarter revenue guidance of $465 million to $475 million, which was above analyst estimates, the outlook reportedly failed to fully impress investors, with some noting a slowdown in year-over-year and sequential growth rates compared to the previous quarter.

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Revenue for the quarter reached $437 million, also exceeding expectations of $432 million and representing a year-over-year increase of over 150%.</p><p>Despite the earnings beat, the stock faced heavy selling pressure in extended trading. Analysis suggests the decline was driven by profit-taking activity following a substantial multi-day rebound in the stock's price. Furthermore, while the company provided first-quarter revenue guidance of $465 million to $475 million, which was above analyst estimates, the outlook reportedly failed to fully impress investors, with some noting a slowdown in year-over-year and sequential growth rates compared to the previous quarter.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CRDO","symbol_name":"Credo Technology Group Holding Ltd","start_time":0,"source_url":"","article_id":"1130893725","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1130893725","pubTimestamp":1780346132,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Credo Technology Group Holding Ltd (CRDO) experienced a significant after-hours plunge of 11.09% on Monday, following the release of its fiscal fourth-quarter financial results.The connectivity...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CRDO":"Credo Technology Group Holding Ltd"},"translate_title":"个股追踪|Credo Technology Group盘后暴跌11.09%尽管Q4盈利好于获利了结、前景担忧","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CRDO":1},"content_text":"Credo Technology Group Holding Ltd (CRDO) experienced a significant after-hours plunge of 11.09% on Monday, following the release of its fiscal fourth-quarter financial results.The connectivity solutions provider reported quarterly adjusted earnings of $1.16 per share, surpassing the analyst consensus estimate of $1.03. 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