Marvell Technology Group (MRVL) Reports 4th Quarter Profit
By Daniel James Hayden IV
March 04, 2010 5:49 PM
March 04, 2010 5:49 PM
Symbols: MRVL
Chip maker Marvell Technology Group, Ltd. (Nasdaq: MRVL) reported on Thursday that it swung to a 4th quarter profit when it reported net income of $204.8 million, or 31 cents per share, compared to last year's loss of $65 million, or 11 cents per share.
On an adjusted basis, Marvell Technology Group earned 40 cents per share.
Revenue rose to $842.5 million from $512.9 million a year before.
A Thomson Reuters poll of analysts showed an average expected estimate of 37 cents per share on revenue of $842 million.
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