Investing.com - Marvell reported on Thursday second quarter earnings that matched analysts' forecasts and revenue that topped expectations.
Marvell announced earnings per share of $0.21 on revenue of $727.3M (NYSE:MMM). Analysts polled by Investing.com anticipated EPS of $0.21 on revenue of $725.21M.
Marvell shares are up 35% from the beginning of the year and are trading at $35.91 , down-from-52-week-high.They are outperforming the Nasdaq which is up 29.56% from the start of the year.
Marvell follows other major Technology sector earnings this month
Marvell's report follows an earnings beat by Apple on Thursday, July 30, 2020, who reported EPS of $2.58 on revenue of $59.69B, compared to forecasts EPS of $2.05 on revenue of $52.29B.
Alphabet C had beat expectations on Thursday, July 30, 2020 with second quarter EPS of $10.13 on revenue of $38.3B, compared to forecast for EPS of $7.95 on revenue of $37.33B.
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