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Marvell Technology Group Ltd. Q3 adjusted earnings Beat Estimates

Below are the earnings highlights for Marvell Technology Group Ltd. (MRVL):

-Earnings: -$53.77 million in Q3 vs. $200.19 million in the same period last year.
-EPS: -$0.08 in Q3 vs. $0.40 in the same period last year.
-Excluding items, Marvell Technology Group Ltd. reported adjusted earnings of $221.66 million or $0.33 per share for the period.
-Analysts projected $0.32 per share
-Revenue: $851.05 million in Q3 vs. $616.30 million in the same period last year.

-Guidance:
Next quarter EPS guidance: $0.30 - $0.34
Next quarter revenue guidance: $790 - $830 Mln

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