Recap: Marvell Tech Q4 Earnings

Marvell Tech (NASDAQ: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.

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.

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).

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.