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Benzinga
Benzinga
Business
Avi Kapoor

Marvell Technology Analysts Raise Their Forecasts Following Upbeat Q3 Earnings

Marvell Marvell Tech Celestial AI MRVL
Analysts

Marvell Technology Inc. (NASDAQ:MRVL) posted better-than-expected earnings for the third quarter and also announced the acquisition of Celestial AI on Tuesday.

Marvell reported quarterly adjusted earnings of 76 cents per share, which beat the analyst estimate of 73 cents, according to Benzinga Pro. Quarterly revenue came in at $2.08 billion, which beat the Street estimate of $2.07 billion and was up from revenue of $1.52 billion from the same period last year.

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