Avg Daily Volume: 10,662,325 Market Cap: 14.87B Sector: Technology Short Interest: None |
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .14/share REV: 678.7 /M
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LAST QTR: EPS: .16/share ACTUAL: .17/share (BEAT)
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NEXT QTR: EPS: .16/share REV: 688.6/M
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FULL YR: EPS: .86/Share REV: 2,960/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 50% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 14.2, -5.8, 2.76
EXPECTED JUMP MOVE: 10%
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*** With market volatility at extremes during the coronavirus pandemic there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading.
Links To Latest News and Headlines
Joining me today are Matt Murphy, Marvell’s chair, CEO; and Willem Meintjes, our CFO. In addition, on a non-GAAP basis, the Marvell team drove a sequential increase in gross margin, remained disciplined on operating expenses and delivered EPS of $0.41, above the midpoint of our guidance.
Chipmaker Marvell edged above analyst estimates for its fiscal third quarter but missed with its guidance for the current period.
Although the revenue and EPS for Marvell (MRVL) give a sense of how its business performed in the quarter ended October 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
(Reuters) -Chipmaker Marvell Technology said on Thursday it expects its data center business to continue to grow next year even as roughly half its revenue will decline in the first quarter as its customers face tough conditions. CEO Matthew Murphy attributed the anticipated drop in revenue from its segments including wireless carrier infrastructure and enterprise to a tough macroeconomic environment and longer-than-expected inventory corrections by its customers. “You’ve seen it in announcements from the big enterprise companies and you’ve also seen it from the carrier companies,” Murphy said in an interview with Reuters.
Chipmaker Marvell Technology said on Thursday it expects its data center business to continue to grow next year even as roughly half its revenue will decline in the first quarter as its customers face tough conditions. CEO Matthew Murphy attributed the anticipated drop in revenue from its segments including wireless carrier infrastructure and enterprise to a tough macroeconomic environment and longer-than-expected inventory corrections by its customers. “You’ve seen it in announcements from the big enterprise companies and you’ve also seen it from the carrier companies,” Murphy said in an interview with Reuters.
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