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Benzinga
Benzinga
Business
Avi Kapoor

These Analysts Increase Their Forecasts On Marvell Technology After Upbeat Results

Marvell Tech Marvell Marvell Technology MRVL Marvell Technology Inc

Marvell Technology Inc. (NASDAQ:MRVL) reported better-than-expected third-quarter financial results and issued fourth-quarter guidance above estimates on Tuesday.

Marvell Technology reported quarterly earnings of 43 cents per share, which beat the analyst consensus estimate of 41 cents. Quarterly revenue came in at $1.52 billion, which beat the consensus estimate of $1.46 billion and is an increase over sales of $1.42 billion from the same period last year.

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