Marvell Technology (MRVL) Tops Q2 EPS by 2c

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Go back to Marvell Technology (MRVL) Tops Q2 EPS by 2c

Marvell Technology Group Ltd. Reports Second Quarter of Fiscal Year 2018 Financial Results

August 24, 2017 4:05 PM EDT

SANTA CLARA, Calif., Aug. 24, 2017 /PRNewswire/ -- Marvell Technology Group Ltd. (NASDAQ: MRVL), a leader in storage, networking and connectivity semiconductor solutions, today reported financial results for the second fiscal quarter of fiscal year 2018. Revenue for the second quarter of fiscal 2018 was $605 million, which exceeded the midpoint of the Company's guidance provided on May 25, 2017.

GAAP net income from continuing operations for the second quarter of fiscal 2018 was $135 million, or $0.26 per share. Non-GAAP net income from continuing operations for the second quarter of fiscal 2018 was $153 million, or $0.30 per diluted share.... More