Marvell Technology Group Ltd. Profit Declines In Q4

(RTTNews) - Marvell Technology Group Ltd. (MRVL) revealed earnings for fourth quarter that fell from last year.

The company said its earnings dropped to $164.76 million, or $0.32 per share. This was lower than $171.77 million, or $0.34 per share, in last year's fourth quarter.

The company said revenue for the quarter fell 0.1% to $615.41 million. This was down from $616.30 million last year.

Marvell Technology Group Ltd. earnings at a glance:

-Earnings (Q4): $164.76 Mln. vs. $171.77 Mln. last year. -Earnings Decline (Y-o-Y): -4.1% -EPS (Q4): $0.32 vs. $0.34 last year. -EPS Decline (Y-o-Y): -5.9% -Revenue (Q4): $615.41 Mln vs. $616.30 Mln last year. -Revenue Change (Y-o-Y): -0.1%

-Guidance: Next quarter EPS guidance: $0.29 - $0.33 Next quarter revenue guidance: $585 - $615