Marvell Technology (MRVL) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.16 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 5%. A quarter ago, it was expected that this chipmaker would post earnings of $0.14 per share when it actually produced earnings of $0.18, delivering a surprise of 28.57%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Marvell, which belongs to the Zacks Semiconductor – Communications industry,