Earnings results
Marvell Tech (NASDAQ:MRVL) +10% reports Q4 beats with Q1 guidance that sees revenue of $680M, plus or minus 5%, and EPS of $0.11-0.17. Consensus estimates have $674.87M and $0.14, respectively.
Q4 storage revenue totaled $296.5M (-6% Y/Y) and networking was $376.7M (-3%).
Adjusted gross margin was 62.3%, below the 62.5% estimate.
Cash and equivalents totaled $648M at the end of the quarter.
Source seekingalpha
Marvell Tech (NASDAQ:MRVL) +10% reports Q4 beats with Q1 guidance that sees revenue of $680M, plus or minus 5%, and EPS of $0.11-0.17. Consensus estimates have $674.87M and $0.14, respectively.
Q4 storage revenue totaled $296.5M (-6% Y/Y) and networking was $376.7M (-3%).
Adjusted gross margin was 62.3%, below the 62.5% estimate.
Cash and equivalents totaled $648M at the end of the quarter.
Source seekingalpha
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.