Marvell Tech MRVL reported its Q4 earnings results on Thursday, March 7, 2024 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
Marvell Tech missed estimated earnings by 0.0%, reporting an EPS of $0.46 versus an estimate of $0.46.
Revenue was up $8.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.01 which was followed by a 5.0% drop in the share price the next day.
Here's a look at Marvell Tech's past performance:
| Quarter | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 |
|---|---|---|---|---|
| EPS Estimate | 0.40 | 0.32 | 0.29 | 0.47 |
| EPS Actual | 0.41 | 0.33 | 0.31 | 0.46 |
| Revenue Estimate | 1.40B | 1.33B | 1.30B | 1.40B |
| Revenue Actual | 1.42B | 1.34B | 1.32B | 1.42B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Marvell Tech management provided guidance for Q1 2025, expecting earnings between $0.18 and $0.28 per share.
To track all earnings releases for Marvell Tech visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
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