Marvell earnings beat by $0.02, revenue topped estimates

  • Investing.com
Marvell earnings beat by $0.02, revenue topped estimates

Investing.com - Marvell (NASDAQ: MRVL ) reported first quarter EPS of $0.31, $0.02 better than the analyst estimate of $0.29. Revenue for the quarter came in at $1.32B versus the consensus estimate of $1.3B.

Guidance

Marvell sees Q2 2024 EPS of $0.27-$0.37 versus the analyst consensus of $0.31.

Marvell sees Q2 2024 revenue of $1.33B versus the analyst consensus of $1.31B.

Marvell's stock price closed at $49.47. It is up 12.82% in the last 3 months and down -13.20% in the last 12 months.

Marvell saw 0 positive EPS revisions and 23 negative EPS revisions in the last 90 days. See Marvell's stock price’s past reactions to earnings here.

According to InvestingPro, Marvell's Financial Health score is "good performance".

Check out Marvell's recent earnings performance , and Marvell's financials here.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

Add Chart to Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100
Please try another search