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Technology Stocks : Semi Equipment Analysis
SOXX 308.38+0.6%Nov 3 4:00 PM EST
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From: Julius Wong12/2/2024 5:22:18 PM
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Credo Technology Non-GAAP EPS of $0.07 beats by $0.02, revenue of $72.03M beats by $5.22M

Dec. 02, 2024 4:24 PM ET
By: Mary Christine Joy, SA News Editor

  • Credo Technology press release (NASDAQ: CRDO): Q2 Non-GAAP EPS of $0.07 beats by $0.02.
  • Revenue of $72.03M (+63.6% Y/Y) beats by $5.22M.
  • Shares +35.73%.
  • Third Quarter of Fiscal 2025 Financial Outlook

    • Revenue is expected to be between $115.0 million and $125.0 million, vs. $86.03M consensus
    • GAAP gross margin is expected to be between 60.6% and 62.6%, and non-GAAP gross margin is expected to be between 61.0% and 63.0%
    • GAAP operating expenses are expected to be between $58.6 million and $60.6 million, and non-GAAP operating expenses are expected to be between $42.0 million and $44.0 million
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