Marvell Technology Group Ltd. Q2 Earnings Climb 134%

(RTTNews) - Marvell Technology Group Ltd. (MRVL) released a profit for its second quarter that advanced from last year.

The company said its bottom line came in at $92.16 million, or $0.18 per share. This was up from $39.40 million, or $0.07 per share, in last year's second quarter.

The company said revenue for the quarter fell 11.8% to $626.40 million. This was down from $710.49 million last year.

Marvell Technology Group Ltd. earnings at a glance:

-Earnings (Q2): $92.16 Mln. vs. $39.40 Mln. last year. -Earnings Growth (Y-o-Y): 133.9% -EPS (Q2): $0.18 vs. $0.07 last year. -EPS Growth (Y-o-Y): 157.1% -Revenue (Q2): $626.40 Mln vs. $710.49 Mln last year. -Revenue Change (Y-o-Y): -11.8%

-Guidance: Next quarter EPS guidance: $0.08 - $0.13