Marvell Tech Beats Expectations, Forecasts Strong Q4

Marvell Technology, a chipmaker based in Wilmington, Delaware, recently reported impressive financial results for its fiscal third quarter. The company announced a net income of $1.9 billion, translating to $2.20 per share, surpassing investor expectations. Adjusted earnings of $0.76 per share also exceeded analyst predictions. Revenue of $2.07 billion also outperformed forecasts. Looking ahead, Marvell Technology expects earnings per share to range from $0.74 to $0.84 in the current quarter, indicating a positive outlook for its near-term financial health.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.