Credo Technology Group Raises Preliminary Fiscal Q3 Revenue Guidance, Shares Jump

MT Newswires Live

02/10

Credo Technology Group (CRDO) said Monday its fiscal Q3 preliminary revenue for the quarter ended Jan. 31 is expected between $404 million and $408 million, compared to previously announced guidance of $335 million to $345 million.

Analysts polled by FactSet expect $340.7 million.

The company said it will report fiscal Q3 earnings on March 2.

Credo shares jumped 15% in after-hours trading.

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