Marvell Technology (MRVL) Tops Q1 Earnings and Revenue Estimates

Marvell Technology (MRVL) came out with quarterly earnings of $0.24 per share, beating the Zacks Consensus Estimate of$ 0.23 per share. This compares to earnings of $0.31 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.35%. A quarter ago, it was expected that this chipmaker would post earnings of$ 0.46 per share when it actually produced earnings of $0.46, delivering no surprise.Over the last four quarters, the company has s ...