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Marvell Technology Group Ltd. Q1 adjusted earnings Beat Estimates

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

-Earnings: -$48.45 million in Q1 vs. $128.61 million in the same period last year.
-EPS: -$0.07 in Q1 vs. $0.25 in the same period last year.
-Excluding items, Marvell Technology Group Ltd. reported adjusted earnings of $105.03 million or $0.16 per share for the period.
-Analysts projected $0.14 per share
-Revenue: $662.45 million in Q1 vs. $604.63 million in the same period last year.

-Guidance:
Next quarter EPS guidance: $0.13 - $0.17
Next quarter revenue guidance: $650 Mln

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