Marvell Technology (MRVL) Tops Q3 EPS by 1c, Offers Q4 Guidance

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Go back to Marvell Technology (MRVL) Tops Q3 EPS by 1c, Offers Q4 Guidance

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

November 28, 2017 4:05 PM EST

SANTA CLARA, Calif., Nov. 28, 2017 /PRNewswire/ -- Marvell Technology Group Ltd. (NASDAQ: MRVL), a leader in storage, networking and connectivity semiconductor solutions, today reported financial results for the third fiscal quarter of fiscal year 2018. Revenue for the third quarter of fiscal 2018 was $616 million, which exceeded the midpoint of the Company's guidance provided on August 24, 2017.

GAAP net income from continuing operations for the third quarter of fiscal 2018 was $149 million, or $0.30 per share. Non-GAAP net income from continuing operations for the third quarter of fiscal 2018 was $172 million, or $0.34 per diluted share. Cash... More