Marvell Technology (MRVL) Reports In-Line Q4 EPS, Q1 Guidance Misses

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Go back to Marvell Technology (MRVL) Reports In-Line Q4 EPS, Q1 Guidance Misses

Marvell Technology Group Ltd. Reports Fourth Quarter and Fiscal Year 2019 Financial Results

March 7, 2019 4:05 PM EST

SANTA CLARA, Calif., March 7, 2019 /PRNewswire/ -- Marvell Technology Group Ltd. (NASDAQ: MRVL), a leader in infrastructure semiconductor solutions, today reported financial results for the fourth fiscal quarter and the full fiscal year, ended February 2, 2019. Revenue for the fourth quarter of fiscal 2019 was $745 million.

GAAP net loss from continuing operations for the fourth quarter of fiscal 2019 was $(261) million, or $(0.40) per diluted share. Non-GAAP net income from continuing operations for the fourth quarter of fiscal 2019 was $168 million, or $0.25 per diluted share. Cash flow from operations for the fourth quarter was $107... More