• Sun. Apr 14th, 2024

Marvell Technology to Report Q4 Earnings: Revenue Fluctuations and Expectations for Future Periods

BySamantha Johnson

Mar 6, 2024
Anticipated Outcomes from Stock Story

Marvell Technology (MRVL) is set to report its quarterly earnings after the market closes tomorrow. Despite experiencing a 7.7% decrease in revenues compared to the previous year, the company managed to beat analyst expectations by 1.3%. However, Marvell provided weak revenue guidance for the next quarter and experienced a decline in gross margin.

According to analysts, they are predicting a slight increase of 0.3% in Marvell’s revenue this quarter, up to $1.42 billion. This growth is expected to be slower than the 5.6% increase seen in the same quarter last year. Adjusted earnings are expected to be $0.46 per share. Most analysts who cover Marvell have maintained their estimates over the past month, indicating they believe the company will continue its current trend.

Looking at Marvell’s peers in the semiconductor manufacturing industry, companies like Entegris and Lam Research have already reported their Q4 earnings. While Entegris saw a significant decline of 14.1% in revenues, Lam Research experienced an even larger decline of 28.8%. However, both companies managed to beat analyst expectations which gives some insight into what Marvell’s earnings may look like.

The semiconductor manufacturing industry has been showing positive sentiment recently with stocks rising by an average of 8.7% over the past month

By Samantha Johnson

As a content writer at newszkz.com, I delve into the realms of storytelling, blending words to paint vivid narratives that captivate and inform our readers. With a keen eye for detail and a passion for research, I craft compelling articles that resonate with our audience. My love for words drives me to explore diverse topics, ensuring that each piece I create not only educates but also entertains. Join me on this journey as we navigate the ever-evolving landscapes of news and knowledge together.

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