Marvell Stock Drops After Mixed Q3 Results, Missed Q4 Profit Guidance [TheStreet.com]
Marvell Technology, Inc. (MRVL)
Last marvell technology, inc. earnings: 3/4 04:05 pm
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Source: TheStreet.com
Marvell Stock Drops After Mixed Q3 Results, Missed Q4 Profit Guidance Marvell ( MRVL Get Report For the quarter ended Nov. 2 the Santa Clara, Calif., company reported non-GAAP net income of 17 cents a share, matching the estimate of analysts surveyed by FactSet. Revenue was $662 million against the estimate of $664.5 million. The company touted a strong performance from its enterprise and data center products as well as the ramping of its first 5G product shipments in volume. For the fourth quarter, the company expects earnings of 15 cents to 19 cents a share on revenue of about $750 million. Analysts are expecting the company to report earnings of 21 cents on revenue of $699.5 million. The company said that its acquisitions of multigig ethernet company Aquantia and application-specific-integrated-circuit company Avera will be reflected in the fourth quarter. Earlier in the day, the company said all regulatory clearances have been received for NXP Semiconductors' ( NXPI In May 2019,
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MRVL
News
- Marvell Technology, Inc. (NASDAQ: MRVL) had its price target raised by analysts at Morgan Stanley from $102.00 to $120.00. They now have an "equal weight" rating on the stock.MarketBeat
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MRVL
Earnings
- 12/3/24 - Beat
MRVL
Sec Filings
- 12/17/24 - Form 4
- 12/17/24 - Form 4
- 12/17/24 - Form 4
- MRVL's page on the SEC website