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Marvell Technology Group Ltd. Q1 Earnings Summary

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

Earnings: -$165.7 million in Q1 vs. -$88.2 million in the same period last year.
EPS: -$0.20 in Q1 vs. -$0.13 in the same period last year.
Excluding items, Marvell Technology Group Ltd. reported adjusted earnings of $448.4 million or $0.52 per share for the period.

Analysts projected $0.51 per share
Revenue: $1.45 billion in Q1 vs. $0.83 billion in the same period last year.

-Guidance:
Next quarter EPS guidance: Adj: $0.53 - $0.59

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