Marvell Technology (MRVL) Misses Q3 EPS by 2c, Guidance Misses

Marvell Technology (NASDAQ: MRVL) reported Q3 EPS of $0.57, $0.02 worse than the analyst estimate of $0.59. Revenue for the quarter came in at $1.54 billion versus the consensus estimate of $1.56 billion.

GUIDANCE:

Marvell Technology sees Q4 2023 EPS of $0.41-$0.51, versus the consensus of $0.62. Marvell Technology sees Q4 2023 revenue of $1.4 billion, versus the consensus of $1.61 billion.

For earnings history and earnings-related data on Marvell Technology (MRVL) click here.

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