MRVL - Why Marvell Technology Stock Gained After-Hours | Benzinga
Marvell Technology, Inc. (NASDAQ: MRVL) shares are trading higher in Thursday's post-market session after the company reported third-quarter earnings results. Here's what you need to know.
What To Know: Marvell Technology reported quarterly adjusted earnings of 41 cents per share, beating the analyst consensus estimate of 40 cents.
Revenue clocked in at $1.419 billion, beating the Street's $1.4 billion estimate, representing a year-over-year decrease of 8%.
Also, the company posted a Gross Margin of 38.9% for the quarter and had cash and cash equivalents of $725.6 million at ...