Marvell Tech Q1 Adj $0.24 Misses $0.25 Estimate, Sales $1.16B Miss $1.18B Estimate
Portfolio Pulse from Benzinga Newsdesk
Marvell Technology (NASDAQ:MRVL) reported Q1 earnings of $0.24 per share, missing the analyst estimate of $0.25. Sales were $1.16 billion, also below the $1.18 billion estimate. Both earnings and sales showed significant declines from the same period last year.
May 30, 2024 | 8:07 pm
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Marvell Technology reported Q1 earnings of $0.24 per share, missing the analyst estimate of $0.25. Sales were $1.16 billion, also below the $1.18 billion estimate. Both earnings and sales showed significant declines from the same period last year.
Marvell Technology's Q1 earnings and sales both missed analyst estimates and showed significant declines from the same period last year. This is likely to negatively impact the stock price in the short term as investors react to the disappointing financial performance.
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IMPORTANCE 80
RELEVANCE 100