Marvell Technology (MRVL) Tops Q1 EPS by 2c; Guides Higher at Mid-Point
Marvell Technology (NASDAQ: MRVL) reported Q1 EPS of $0.29, $0.02 better than the analyst estimate of $0.27. Revenue for the quarter came in at $832 million versus the consensus estimate of $804.21 million.
GUIDANCE:
Marvell Technology sees Q2 2022 EPS of $0.28-$0.34 ($0.31 midpoint), versus the consensus of $0.30. Net revenue is expected to be $1.065 billion +/- 3%, versus the consensus of $1.04 billion.
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