Credo Technology Stock Falls Despite Beating Fiscal Q1 Targets

Credo Technology (CRDO) late Tuesday beat estimates for its fiscal first quarter and with its sales outlook. But Credo stock fell in extended trading on continued worries about its profit margins. The San Jose, Calif.-based maker of AI data center connectivity gear earned an adjusted $1.20 a share on sales of $479 million in the quarter ended Aug. 1. Analysts…