Credo Shares Sink Despite Earnings Beat

Dow Jones

1 hour ago

Shares of Credo Technology, which makes electrical cables and digital signal processors used in artificial intelligence data centers, fell sharply Tuesday despite an earnings beat.

The AI connectivity firm reported adjusted earnings of $1.20 a share, just beating estimates for $1.17 a share. Revenue came in at $479 million, above the $475 million high end of its own forecast and estimates of $473 million among analysts polled by FactSet.

Shares were down 7% at $192 in after-hours trading.

Credo's copper cables are used to connect AI servers to networking switches. Known as active electrical cables, they are embedded with microchips that boost electric signals traveling along them, thus reducing the both the amount of copper needed for them and using less energy than optical cables.

This is breaking news. Check back for updates.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://au1.tigerplaytime.com/news/2664386931"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2664386931\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2664386931?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-09-02 04:21","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2664386931","market":"us","top_or_hot":-1,"title":"Credo Shares Sink Despite Earnings Beat","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     Shares of Credo Technology, which makes electrical cables and digital signal processors used in artificial intelligence data centers, fell sharply Tuesday despite an earnings beat. \n</p>\n<p>\n     The AI connectivity firm reported adjusted earnings of $1.20 a share, just beating estimates for $1.17 a share. Revenue came in at $479 million, above the $475 million high end of its own forecast and estimates of $473 million among analysts polled by FactSet. \n</p>\n<p>\n     Shares were down 7% at $192 in after-hours trading. \n</p>\n<p>\n     Credo's copper cables are used to connect AI servers to networking switches. Known as active electrical cables, they are embedded with microchips that boost electric signals traveling along them, thus reducing the both the amount of copper needed for them and using less energy than optical cables. \n</p>\n<p>\n     This is breaking news. Check back for updates. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Credo Shares Sink Despite Earnings Beat</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCredo Shares Sink Despite Earnings Beat\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-09-02 04:21</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     Shares of Credo Technology, which makes electrical cables and digital signal processors used in artificial intelligence data centers, fell sharply Tuesday despite an earnings beat. \n</p>\n<p>\n     The AI connectivity firm reported adjusted earnings of $1.20 a share, just beating estimates for $1.17 a share. Revenue came in at $479 million, above the $475 million high end of its own forecast and estimates of $473 million among analysts polled by FactSet. \n</p>\n<p>\n     Shares were down 7% at $192 in after-hours trading. \n</p>\n<p>\n     Credo's copper cables are used to connect AI servers to networking switches. Known as active electrical cables, they are embedded with microchips that boost electric signals traveling along them, thus reducing the both the amount of copper needed for them and using less energy than optical cables. \n</p>\n<p>\n     This is breaking news. Check back for updates. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CRDU","symbol_name":"Tradr 2X Long CRDO Daily ETF","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2664386931","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2664386931","pubTimestamp":1788294060,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Credo Technology, which makes electrical cables and digital signal processors used in artificial intelligence data centers, fell sharply Tuesday despite an earnings beat.The AI connectivity firm reported adjusted earnings of $1.20 a share, just beating estimates for $1.17 a share. Revenue came in at $479 million, above the $475 million high end of its own forecast and estimates of $473 million among analysts polled by FactSet.Shares were down 7% at $192 in after-hours trading.Credo's copper cables are used to connect AI servers to networking switches. Known as active electrical cables, they are embedded with microchips that boost electric signals traveling along them, thus reducing the both the amount of copper needed for them and using less energy than optical cables.This is breaking news. Check back for updates.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"CRDU":"Tradr 2X Long CRDO Daily ETF","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","BK4588":"碎股","IE0009354923.USD":"JANUS HENDERSON US VENTURE \"A2\" (USD) ACC","CRDO":"Credo Technology Group Holding Ltd","BK4585":"ETF&股票定投概念","BK4141":"半导体产品","LU0053671581.USD":"摩根大通美国小盘成长股 A(dist)","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU0082616367.USD":"摩根大通美国科技A（dist）","LU2360107168.USD":"BGF NEXT GENERATION TECHNOLOGY \"A4\" (USD) INC","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU2290526834.HKD":"BGF NEXT GENERATION TECHNOLOGY \"A2\" (HKDHDG) ACC","CRD":"Corgi CRDO 2x Daily ETF"},"translate_title":"尽管盈利超出预期，Credo 股价仍下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CRD":0.6,"CRDU":0.6,"CRDO":1.98},"content_text":"Shares of Credo Technology, which makes electrical cables and digital signal processors used in artificial intelligence data centers, fell sharply Tuesday despite an earnings beat. \n\n\n     The AI connectivity firm reported adjusted earnings of $1.20 a share, just beating estimates for $1.17 a share. Revenue came in at $479 million, above the $475 million high end of its own forecast and estimates of $473 million among analysts polled by FactSet. \n\n\n     Shares were down 7% at $192 in after-hours trading. \n\n\n     Credo's copper cables are used to connect AI servers to networking switches. Known as active electrical cables, they are embedded with microchips that boost electric signals traveling along them, thus reducing the both the amount of copper needed for them and using less energy than optical cables. \n\n\n     This is breaking news. Check back for updates.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}