Marvell Tech Q2 EPS $0.33 Beats $0.32 Estimate, Sales $1.34B Beat $1.33B Estimate
Portfolio Pulse from Benzinga Newsdesk
Marvell Tech (NASDAQ:MRVL) reported Q2 earnings of $0.33 per share, beating the analyst consensus estimate of $0.32 by 3.13%. However, this is a 42.11% decrease from the same period last year. The company also reported quarterly sales of $1.34 billion, beating the estimate of $1.33 billion by 0.75%, but this is an 11.67% decrease from last year.
August 24, 2023 | 8:07 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Marvell Tech's Q2 earnings and sales beat estimates but are down YoY. This mixed result could lead to uncertain market reactions.
Marvell Tech's earnings beat estimates, which is typically a positive signal for the stock. However, the YoY decrease in both earnings and sales could be a concern for investors, potentially leading to a mixed or uncertain market reaction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100