Investing.com - Marvell reported on Monday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Marvell announced earnings per share of $0.29 on revenue of $832.3M (NYSE:MMM). Analysts polled by Investing.com anticipated EPS of $0.271 on revenue of $805.8M.
Marvell shares are up 1% from the beginning of the year and are trading at $49.50 , down-from-52-week-high.They are under-performing the Nasdaq which is up 7.71% from the start of the year.
Marvell shares gained 2.48% in after-hours trade the report.
Marvell follows other major Technology sector earnings this month
Marvell's report follows an earnings beat by NVIDIA on Wednesday, May 26, 2021, who reported EPS of $3.66 on revenue of $5.66B, compared to forecasts EPS of $3.29 on revenue of $5.4B.
Cisco had beat expectations on Wednesday, May 19, 2021 with third quarter EPS of $0.83 on revenue of $12.8B, compared to forecast for EPS of $0.8219 on revenue of $12.57B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar