Marvell Technology Group Ltd. Reports Third Quarter of Fiscal Year 2020 Financial Results

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Go back to Marvell Technology Group Ltd. Reports Third Quarter of Fiscal Year 2020 Financial Results

Marvell Technology (MRVL) Reports In-Line Q3 EPS, Revenues Miss; Offers Q4 EPS Guidance Below Consensus, Q4 Revenues Outlook Above Consensus

December 3, 2019 4:08 PM EST

Marvell Technology (NASDAQ: MRVL) reported Q3 EPS of $0.17, in-line with the analyst estimate of $0.17. Revenue for the quarter came in at $662 million versus the consensus estimate of $664.51 million.

"Marvell delivered solid results for the third quarter and I am pleased that our storage business grew sequentially led by a strong performance from our... More