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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: -$88.24 million in Q1 vs. -$113.03 million in the same period last year.
-EPS: -$0.13 in Q1 vs. -$0.17 in the same period last year.
-Excluding items, Marvell Technology Group Ltd. reported adjusted earnings of $201.80 million or $0.29 per share for the period.
-Analysts projected $0.27 per share
-Revenue: $832.28 million in Q1 vs. $693.64 million in the same period last year.

-Guidance:
Next quarter EPS guidance: $0.28 - $0.34

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