Why Is Credo Technology Stock Sinking Wednesday?
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 expected, but investors worried because the company is spending a lot more on research and making less profit on each sale. When a company grows but gets less efficient, people pause to see if it pays 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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