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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: -$113.03 million in Q1 vs. -$48.45 million in the same period last year.
-EPS: -$0.17 in Q1 vs. -$0.07 in the same period last year.
-Excluding items, Marvell Technology Group Ltd. reported adjusted earnings of $118.03 million or $0.18 per share for the period.
-Analysts projected $0.14 per share
-Revenue: $693.64 million in Q1 vs. $662.45 million in the same period last year.

-Guidance:
Next quarter EPS guidance: $0.17 to $0.23

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