Marvell Tech Q4 2024 GAAP EPS $0.460, Inline, Sales $1.427B Beat $1.420B Estimate
Portfolio Pulse from Benzinga Newsdesk
Marvell Tech (NASDAQ:MRVL) reported Q4 2024 earnings of $0.460 per share, meeting analyst estimates, with sales of $1.427B surpassing the $1.420B forecast, marking a 0.56% increase from the previous year.
March 07, 2024 | 9:06 pm
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Marvell Tech reported Q4 2024 earnings per share of $0.460, aligning with estimates, and sales of $1.427B, slightly above the $1.420B estimate.
Meeting earnings estimates and slightly beating sales forecasts generally has a positive impact on investor sentiment, potentially leading to a short-term uptick in stock price. The year-over-year sales growth further supports a positive outlook.
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