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Marvell Technology Group Ltd. Earnings Climb In Q4

Marvell Technology Group Ltd. (MRVL) announced a profit for its fourth quarter that advanced compared to the same period last year.

The company said its bottom line climbed to $164.76 million, or $0.32 per share. This was up from $118.39 million, or $0.22 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.31 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 0.1% to $615.41 million. This was down from $616.30 million last year.

Marvell Technology Group Ltd. earnings at a glance:

-Earnings (Q4): $164.76 Mln. vs. $118.39 Mln. last year.
-Earnings Growth (Y-o-Y): 39.2%
-EPS (Q4): $0.32 vs. $0.22 last year.
-EPS Growth (Y-o-Y): 45.5%
-Analysts Estimate: $0.31
-Revenue (Q4): $615.41 Mln vs. $616.30 Mln last year.
-Revenue Change (Y-o-Y): -0.1%

Next quarter EPS guidance: $0.29 - $0.33
Next quarter revenue guidance: $585 - $615 Mln

by RTT Staff Writer

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