Marvell Tech Q1 Adj $0.24 Misses $0.25 Estimate, Sales $1.16B Miss $1.18B Estimate

+0.24% Pre

Marvell Technology Group Ltd.

MRVL

74.48

+0.24%

0.00% Pre

Marvell Tech (NASDAQ: MRVL) reported quarterly earnings of $0.24 per share which missed the analyst consensus estimate of $0.25 by 4 percent. This is a 22.58 percent decrease over earnings of $0.31 per share from the same period last year. The company reported quarterly sales of $1.16 billion which missed the analyst consensus estimate of $1.18 billion by 1.61 percent. This is a 12.18 percent decrease over sales of $1.32 billion the same period last year.

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