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

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

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

December 3, 2019 4:05 PM EST

SANTA CLARA, Calif., Dec. 3, 2019 /PRNewswire/ -- Marvell Technology Group Ltd. (NASDAQ: MRVL), a leader in infrastructure semiconductor solutions, today reported financial results for the third quarter of fiscal year 2020.

Marvell completed the acquisition of Aquantia Corp. ("Aquantia") on September 19, 2019 (the "acquisition date"), approximately 6 weeks before the end of the third quarter of fiscal 2020. Marvell's results for the third quarter of fiscal 2020 include the results of Aquantia from the acquisition date, while prior periods presented do not.

Subsequent to Marvell's third quarter end, on November 5, 2019, Marvell completed the acquisition of Avera... More