Marvell tech Earnings beat $mrvlEarnings 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