Marvell Technology (MRVL) Tops Q1 EPS by 4c, Q2 Guidance Beats
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Marvell Technology Group Ltd. Reports First Quarter of Fiscal Year 2021 Financial Results
May 28, 2020 4:05 PM EDTSANTA CLARA, Calif., May 28, 2020 /PRNewswire/ --Â Marvell Technology Group Ltd. (NASDAQ: MRVL), a leader in infrastructure semiconductor solutions, today reported financial results for the first quarter of fiscal year 2021.
Revenue for the first quarter of fiscal 2021 was $694 million, which exceeded the midpoint of the Company's guidance provided on March 4, 2020. GAAP net loss for the first quarter of fiscal 2021 was $(113) million, or $(0.17) per diluted share. Non-GAAP net income for the first quarter of fiscal 2021 was $118 million, or $0.18 per diluted share. Cash flow from operations for the first quarter was $176 million.... More
