Marvell Technology Group Ltd. Q1 adjusted earnings Beat Estimates

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

-Earnings: -$48.45 million in Q1 vs. $128.61 million in the same period last year. -EPS: -$0.07 in Q1 vs. $0.25 in the same period last year. -Excluding items, Marvell Technology Group Ltd. reported adjusted earnings of $105.03 million or $0.16 per share for the period. -Analysts projected $0.14 per share -Revenue: $662.45 million in Q1 vs. $604.63 million in the same period last year.

-Guidance: Next quarter EPS guidance: $0.13 - $0.17 Next quarter revenue guidance: $650 Mln