Marvell Tech MRVL reported its Q1 earnings results on Thursday, May 25, 2023 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
Marvell Tech beat estimated earnings by 6.9%, reporting an EPS of $0.31 versus an estimate of $0.29.
Revenue was down $125.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.01 which was followed by a 4.74% drop in the share price the next day.
Here's a look at Marvell Tech's past performance:
| Quarter | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|
| EPS Estimate | 0.47 | 0.59 | 0.56 | 0.51 |
| EPS Actual | 0.46 | 0.57 | 0.57 | 0.52 |
| Revenue Estimate | 1.40B | 1.56B | 1.52B | 1.43B |
| Revenue Actual | 1.42B | 1.54B | 1.52B | 1.45B |
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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