Credo Technology Group Holding reported Q3 2024 EPS of $0.003, profit margin decreased to 0.8%, and revenue projected to grow 45% annually; share price stable.

Credo Technology Group Holding reported Q3 2024 earnings with EPS of $0.003, down from $0.019 in Q3 2023. The profit margin decreased to 0.8% from 5.2% in the previous year, mainly due to higher expenses. Revenue is forecasted to grow 45% annually on average over the next 3 years, compared to a 15% growth forecast for the US Semiconductor industry. The company's share price has remained relatively unchanged from a week ago.

February 28, 2024
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