Marvell's (MRVL) Q4 Earnings Meet Estimates, Stock Falls
Marvell Technology(MRVL) Zacks Investment Research·2024-03-08 21:11
Marvell Technology (MRVL) reported impressive results for the fourth quarter of fiscal 2024, wherein revenues outpaced the Zacks Consensus Estimate while non-GAAP earnings matched the same. The chipmaker’s fourth-quarter revenues and earnings came in line with the midpoint of management’s guidance.Despite reporting decent fourth-quarter results, MRVL stock fell 7.7% during Thursday’s extended trading session as its guidance for the first-quarter fiscal 2025 top and bottom lines was weak.Let’s delve deeper i ...