Marvell Technology (MRVL) Tops Q3 EPS by 1c, Revenues Beat; Offers 4Q Revenue Outlook Below Consensus

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Go back to Marvell Technology (MRVL) Tops Q3 EPS by 1c, Revenues Beat; Offers 4Q Revenue Outlook Below Consensus

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

December 4, 2018 4:05 PM EST

SANTA CLARA, Calif., Dec. 4, 2018 /PRNewswire/ -- Marvell Technology Group Ltd. (NASDAQ: MRVL), a leader in infrastructure semiconductor solutions, today reported financial results for the third fiscal quarter of fiscal year 2019. Revenue for the third quarter of fiscal 2019 was $851 million, which exceeded the midpoint of the Company's guidance provided on September 6, 2018.

GAAP net loss from continuing operations for the third quarter of fiscal 2019 was $54 million, or $(0.08) per diluted share. Non-GAAP net income from continuing operations for the third quarter of fiscal 2019 was $222 million, or $0.33 per diluted share. Cash flow... More