24H | Credo Technology Jumps 16%; Amkor Technology Gains 3%; Onsemi Falls 3%; Goodyear Drops 4%

Credo Technology stock jumped 16% in overnight trading after the connectivity solutions provider reported preliminary third quarter revenue far exceeding analyst expectations.

Amkor Technology, a leading provider of semiconductor packaging and test services, reported fourth-quarter earnings that significantly exceeded analyst expectations, driving shares up 3.1% following the announcement.

Chipmaker Onsemi missed Wall Street estimates for fourth-quarter revenue, with its business segments declining as much as 17%, hurt by a persistent inventory glut. The shares dropped 3.4% in overnight trading.

Goodyear shares sank 4% in overnight trading after an adjusted profit miss, but recovering to close down by 2%. The company's fourth-quarter segment operating income rose by 9% to $416 million, driven by the Goodyear Forward initiative. Despite a revenue decline to $4.9 billion, it surpassed forecasts by $50 million, although adjusted profit per share fell short by 10 cents.