TECH - Marvell Reports Worse-Than-Expected Q1 Results: The Details | Benzinga
Marvell Technology, Inc. (NASDAQ:MRVL) reported its first-quarter financial results after the bell Thursday. Here's a look at the highlights from the report.
The Details: Marvell reported quarterly earnings of 24 cents per share, which missed the analyst consensus estimate of 25 cents and is a 22.58% decrease from earnings of $0.31 per share from the same period last year.
Quarterly sales came in at $1.16 billion which missed the analyst consensus estimate of $1.18 billion and is a 12.18% decrease from sales of $1.32 billion year-over-year.
Marvell also ...