Marvell Technology Sees Q2 Adj. EPS $0.27-$0.37 vs $0.31 Est., Net Revenue $1.33B +/- 5% vs $1.31B Est.
Portfolio Pulse from Benzinga Newsdesk
Marvell Technology forecasts Q2 adjusted EPS of $0.27-$0.37, beating the estimated $0.31, and net revenue of $1.33B +/- 5%, higher than the $1.31B estimate.
May 25, 2023 | 8:09 pm
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Marvell Technology's Q2 adjusted EPS and net revenue forecasts exceed expectations, potentially leading to a positive short-term impact on the stock.
Marvell Technology's Q2 adjusted EPS and net revenue forecasts are higher than the estimates, which is generally seen as a positive sign for the company's performance. This could lead to increased investor confidence and a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100