Marvell Technology (MRVL) Tops Q1 EPS by 1c, Revenues Beat; Offers 2Q EPS/Revenue Mid-Point Outlooks Above Consensus

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Go back to Marvell Technology (MRVL) Tops Q1 EPS by 1c, Revenues Beat; Offers 2Q EPS/Revenue Mid-Point Outlooks Above Consensus

Marvell Technology Group Ltd. Reports First Quarter of Fiscal Year 2019 Financial Results

May 31, 2018 4:05 PM EDT

SANTA CLARA, Calif., May 31, 2018 /PRNewswire/ -- Marvell Technology Group Ltd. (NASDAQ: MRVL), a leader in storage, networking and connectivity semiconductor solutions, today reported financial results for the first fiscal quarter of fiscal year 2019. Revenue for the first quarter of fiscal 2019 was $605 million, which exceeded the midpoint of the Company's guidance provided on March 8, 2018.

GAAP net income from continuing operations for the first quarter of fiscal 2019 was $129 million, or $0.25 per diluted share. Non-GAAP net income from continuing operations for the first quarter of fiscal 2019 was $165 million, or $0.32 per diluted share. Cash flow... More