Credo Technology Group Holding Ltd. (NASDAQ:CRDO) on Monday posted upbeat earnings for the third quarter.
The company reported quarterly adjusted earnings of $1.07 per share, which beat the 95-cent consensus estimate, according to Benzinga Pro data. Quarterly revenue came in at $407.01 million, which beat the $400.23 million Street estimate.
“In the third quarter, Credo once again delivered record results with revenue of $407 million, an increase of more than 50% sequentially and 200% year over year,” CEO Bill Brennan said.
Credo expects fourth quarter revenue in a range of $425 million to $435 million, versus …