https://www.live-feeds.com/feed/credo-shares-slump-despite-earnings-beatContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/credo-shares-slump-despite-earnings-beathttps://www.live-feeds.com/feed/credo-shares-slump-despite-earnings-beat#u56669Fri, 04 Sep 2026 07:50:35 +0000Credo Technology Group Holding Ltd. shares slumped between 8% and 21% following its fiscal first-quarter report despite beating Wall Street expectations for revenue and earnings. The company posted fiscal 2027 first-quarter revenue of $479 million and adjusted earnings of $1.20 per share, exceeding consensus estimates of $471.77 million and $1.17 respectively. However, the sell-off was triggered by shrinking margins, rising costs, softer guidance concerns, and profit-taking after a massive prior rally, leaving shares trading around $169.Why it mattersCredo had experienced a massive rally earli