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Marvell Technology Group Ltd. Q3 adjusted earnings Inline With Estimates

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

-Earnings: -$22.91 million in Q3 vs. -$82.50 million in the same period last year.
-EPS: -$0.03 in Q3 vs. -$0.12 in the same period last year.
-Excluding items, Marvell Technology Group Ltd. reported adjusted earnings of $168.36 million or $0.25 per share for the period.
-Analysts projected $0.25 per share
-Revenue: $750.14 million in Q3 vs. $662.47 million in the same period last year.

-Guidance:
Next quarter EPS guidance: $0.25 to $0.33

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