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Tech and retail firms post earnings beats as guidance turns optimistic
Credo, UiPath and Five Below posted earnings and revenue above expectations, with Credo guiding sharply higher for the upcoming quarter.
Earnings momentum stayed strong in early December as Credo Technology reported adjusted quarterly earnings of 67 cents per share on revenue of 268 million dollars, well above analyst expectations. The company also issued robust third-quarter revenue guidance between 335 and 345 million dollars. UiPath delivered adjusted earnings of 16 cents per share on revenue of 411.11 million dollars, also beating forecasts.