Marvell Tech: Q3 Earnings Insights

Marvell Tech MRVL reported its Q3 earnings results on Thursday, November 30, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

Marvell Tech beat estimated earnings by 2.5%, reporting an EPS of $0.41 versus an estimate of $0.4.

Revenue was down $118.00 million from the same period last year.

Last quarter the company beat on EPS by $0.01 which was followed by a 6.62% drop in the share price the next day.

Here's a look at Marvell Tech's past performance:

Quarter	Q2 2024	Q1 2024	Q4 2023	Q3 2023
EPS Estimate	0.32	0.29	0.47	0.59
EPS Actual	0.33	0.31	0.46	0.57
Revenue Estimate	1.33B	1.30B	1.40B	1.56B
Revenue Actual	1.34B	1.32B	1.42B	1.54B

To track all earnings releases for Marvell Tech visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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