Marvell Tech Q1 EPS $0.31 Beats $0.29 Estimate, Sales $1.32B Beat $1.30B Estimate
Portfolio Pulse from Benzinga Newsdesk
Marvell Tech (NASDAQ:MRVL) reported Q1 earnings of $0.31 per share, beating the $0.29 estimate, and sales of $1.32B, beating the $1.30B estimate. However, this represents a decrease in earnings and sales compared to the same period last year.
May 25, 2023 | 8:07 pm
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Marvell Tech's Q1 earnings beat estimates, but show a decrease in earnings and sales compared to the same period last year.
Marvell Tech's Q1 earnings beat analyst estimates, which could have a positive impact on the stock price. However, the decrease in earnings and sales compared to the same period last year could offset this positive sentiment, resulting in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100