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Marvell Technology Group Ltd. Q4 adjusted earnings Beat Estimates

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

-Earnings: $1.77 billion in Q4 vs. -$0.26 billion in the same period last year.
-EPS: $2.62 in Q4 vs. -$0.40 in the same period last year.
-Excluding items, Marvell Technology Group Ltd. reported adjusted earnings of $116.72 million or $0.17 per share for the period.
-Analysts projected $0.16 per share
-Revenue: $717.67 million in Q4 vs. $744.80 million in the same period last year.

-Guidance:
Next quarter EPS guidance: $0.11 to $0.17
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