After-hours movers: Credo plummets as largest client bails, Airbnb jumps on EPS

After-Hours Movers:

Credo Technology Group Holding (NASDAQ: CRDO) 49% LOWER; disclosed its largest customer has reduced its demand forecast for certain Credo products for reasons Credo understands are unrelated to Credo’s performance. Credo does not expect its market share with the customer will be affected.

AMMO Inc. (NASDAQ: POWW) 16% LOWER; reported Q3 EPS of $0.05, $0.04 better than the analyst estimate of $0.01. Revenue for the quarter came in at $38.7 million versus the consensus estimate of $55.76 million. Lowers FY revenue outlook.

Airbnb (NASDAQ: ABNB) 10% HIGHER; reported Q4 EPS of $0.48, $0.23 better than the analyst estimate of $0.25. Revenue for the quarter came in at $1.9 billion versus the consensus estimate of $1.86 billion. Airbnb sees Q1 2023 revenue of $1.75-1.82 billion, versus the consensus of $1.68 billion.

TripAdvisor (NASDAQ: TRIP) 8% HIGHER; reported Q4 EPS of $0.16, $0.12 better than the analyst estimate of $0.04. Revenue for the quarter came in at $354 million versus the consensus estimate of $344.24 million.

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