Stock Track | Credo Technology Plunges 11.54% After-Hours Despite Q4 Earnings Beat as Profit-Taking and Growth Concerns Weigh

Stock Track

Jun 02

Credo Technology Group Holding Ltd (CRDO) shares plummeted 11.54% in after-hours trading on Monday, marking a significant 24-hour decline.

The steep drop occurred following the release of the company's fiscal fourth-quarter financial results, which exceeded analyst expectations for both earnings and revenue. However, the stock faced heavy selling pressure as investors locked in profits after a substantial multi-day rally and expressed concerns over a potential slowdown in growth momentum.

Despite the earnings beat, the company's first-quarter revenue guidance, while above consensus estimates, implied a deceleration in both year-over-year and sequential growth rates compared to previous quarters. This, coupled with elevated investor expectations built into the stock's recent surge, led to a wave of disappointment and profit-taking in the extended session.

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This, coupled with elevated investor expectations built into the stock's recent surge, led to a wave of disappointment and profit-taking in the extended session.</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":"1131978652","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1131978652","pubTimestamp":1780358509,"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) shares plummeted 11.54% in after-hours trading on Monday, marking a significant 24-hour decline.The steep drop occurred following the release of the...","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盘后暴跌11.54%，尽管Q4盈利超预期，因获利回吐和增长担忧拖累","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CRDO":1},"content_text":"Credo Technology Group Holding Ltd (CRDO) shares plummeted 11.54% in after-hours trading on Monday, marking a significant 24-hour decline.The steep drop occurred following the release of the company's fiscal fourth-quarter financial results, which exceeded analyst expectations for both earnings and revenue. 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