Marvell Tech (NASDAQ:MRVL) reported its Q3 earnings results on Thursday, November 30, 2023 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
Marvell Tech beat estimated earnings by 2.5%, reporting an EPS of $0.41 versus an estimate of $0.4.
Revenue was down $118.00 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 6.62% drop in the share price the next day.
Here’s a look at Marvell Tech’s past performance:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | 0.32 | 0.29 | 0.47 | 0.59 |
| EPS Actual | 0.33 | 0.31 | 0.46 | 0.57 |
| Revenue Estimate | 1.33B | 1.30B | 1.40B | 1.56B |
| Revenue Actual | 1.34B | 1.32B | 1.42B | 1.54B |
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.
