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Benzinga

Business

Dylan Berman

Credo Stock Is Trading Higher Thursday: What's Going On?

CredoSignSan,Jose,,California,Us,-,February,14,,2025:,Credo,Brand

Credo Technology Group Holding Ltd (NASDAQ:CRDO) shares are trading higher Thursday after the company reported better-than-expected first quarter financial results and issued second quarter sales guidance above estimates on Wednesday after the market closed.

What To Know: The company reported adjusted earnings per share of 52 cents, beating the consensus estimate of 36 cents. In addition, the company reported sales of $223.07 million, beating the consensus estimate of $190.77 million.

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