Why Is Credo Technology Stock Sinking Tuesday?
Credo Technology beat Q1 earnings expectations, but CRDO stock dropped as shrinking margins and rising R&D expenses concerned investors.
Credo made more money than people expected, but it's spending a lot on new products and making less profit on each sale, which worried some investors. When a company's profit shrinks even after good sales, it's worth watching to see if new products will pay off later.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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