Marvell Technology Q3 2023 Adj. EPS $0.41 Beats $0.40 Estimate, Revenue $1.419B Beats $1.4B Estimate
Portfolio Pulse from Benzinga Newsdesk
Marvell Technology reported Q3 2023 adjusted earnings per share (EPS) of $0.41, surpassing the estimate of $0.40. Revenue for the quarter was $1.419 billion, also exceeding the expected $1.4 billion.
November 30, 2023 | 9:06 pm
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Marvell Technology's Q3 2023 results exceeded analyst expectations, with adjusted EPS of $0.41 and revenue of $1.419B against estimates of $0.40 EPS and $1.4B revenue.
Beating both EPS and revenue estimates typically has a positive impact on investor sentiment and can lead to a short-term increase in stock price. The results indicate strong performance and may lead to upward revisions in future earnings forecasts.
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