Investing.com - Marvell reported on Wednesday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Marvell announced earnings per share of $0.29 on revenue of $798M. Analysts polled by Investing.com anticipated EPS of $0.291 on revenue of $786.12M.
Marvell shares are down 4% from the beginning of the year and are trading at $43.90 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is down 1.59% from the start of the year.
Marvell shares lost 3.64% in after-hours trade the report.
Marvell follows other major Technology sector earnings this month
Marvell's report follows an earnings beat by Alphabet C on Tuesday, February 2, 2021, who reported EPS of $22.3 on revenue of $56.9B, compared to forecasts EPS of $15.77 on revenue of $52.69B.
Alphabet A had beat expectations on Tuesday, February 2, 2021 with fourth quarter EPS of $22.3 on revenue of $56.9B, compared to forecast for EPS of $15.75 on revenue of $52.69B.
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