Marvell Technology (MRVL) Tops Q4 EPS by 3c; Issues Solid Outlook

Marvell Technology (NASDAQ: MRVL) reported Q4 EPS of $0.22, $0.03 better than the analyst estimate of $0.19. Revenue for the quarter came in at $571.4 million versus the consensus estimate of $567.64 million.

• Q4 Revenue: $571 Million
• Q4 GAAP gross margin of 57.3%; Non-GAAP gross margin of 57.6%
• Q4 GAAP diluted loss per share from continuing operations of ($0.15); Non-GAAP diluted earnings per share from continuing operations of $0.22
• Cash and short-term investments: $1.67 Billion

GUIDANCE:

Marvell Technology sees Q1 2018 EPS of $0.19-$0.23, versus the consensus of $0.17. Marvell Technology sees Q1 2018 revenue of $570 million, versus the consensus of $545.5 million.

For earnings history and earnings-related data on Marvell Technology (MRVL) click here.

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