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Benzinga
Benzinga
Business
Avi Kapoor

These Analysts Slash Their Forecasts On Marvell Technology Following Q2 Results

Marvell Marvell Tech MRVL
Analysts

Marvell Technology, Inc. (NASDAQ:MRVL) posted better-than-expected second-quarter earnings, but issued third-quarter sales guidance with a midpoint below estimates.

Marvell reported quarterly earnings of 67 cents per share, which beat the analyst estimate of 66 cents. Quarterly revenue came in at $2.006 billion which missed the Street estimate of $2.009 billion.

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