Credo Technology (CRDO) reported fiscal Q4 adjusted earnings late Monday of $1.16 per diluted share, up from $0.35 a year earlier.
Analysts polled by FactSet expected $1.02.
Revenue in the three months ended May 2 rose to $437 million from $170 million a year earlier.
Analysts surveyed by FactSet expected $431.8 million.
The company expects Q1 revenue of $465 million to $475 million. Analysts expect $461.3 million.
Credo shares fell 15% in after-hours trading.
Digital Brands Group (DBGI) has received initial purchase orders for its $125 million U.S. program and announced an expanded partnership with GCC, the company said Monday.The partnership adds new apparel and soft goods revenue opportunities through GCC's digital networks, physical installations, and domestic and international events and hospitality, the company said.Digital Brands Group's CEO Hil Davis said the additional revenue opportunities are new and incremental to the company's guidance issued last month, calling the expansion a "broader opportunity."Price: $0.81, Change: $+0.32, Percent Change: +66.79%
Tech stocks were mixed late Monday afternoon with the State Street Technology Select Sector SPDR ETF (XLK) rising 2.5% and the State Street SPDR S&P Semiconductor ETF (XSD) falling 1.7%.The Philadelphia Semiconductor index rose 1.2%.In corporate news, Dell (DELL) shares jumped past 10%. Morgan Stanley upgraded its rating on the company's stock to equalweight from underweight and raised its price target to $448 from $170. Dell is outperforming peers in navigating semiconductor supply shortages, the brokerage said.Amazon-backed (AMZN) Anthropic has confidentially submitted a draft registration statement for a proposed initial public offering to the US Securities and Exchange Commission, the company said Monday. The number of shares to be offered and the price have not yet been set, Anthropic said. Amazon shares were down 3.1%.Nvidia (NVDA) has launched RTX Spark, a new AI chip that will be used in Microsoft (MSFT) Windows laptops and desktops. Nvidia's shares climbed 6%, and Microsoft added 2.9%.Apple (AAPL) is planning a new service that will let iPhone users split joint bills, expanding its push into everyday financial tools, Bloomberg reported. Apple shares fell 1.4%.
Lyle Cunningham, Chief Banking Officer, on May 29, 2026, sold 47,914 shares in Customers Bancorp (CUBI) for $3,594,901. Following the Form 4 filing with the SEC, Cunningham has control over a total of 19,854 common shares of the company, with 19,854 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1488813/000192189026000006/xslF345X05/primarydocument.xmlPrice: $73.18, Change: $-1.96, Percent Change: -2.61%