WILMINGTON, Del. (AP) — WILMINGTON, Del. (AP) — Marvell Technology, Inc. (MRVL) on Wednesday reported fiscal fourth-quarter net income of $200.2 million.
The Wilmington, Delaware-based company said it had profit of 23 cents per share. Earnings, adjusted for one-time gains and costs, were 60 cents per share.
The results beat Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share.
The chipmaker posted revenue of $1.82 billion in the period, also beating Street forecasts. Twelve analysts surveyed by Zacks expected $1.8 billion.
For the current quarter ending in April, Marvell expects its per-share earnings to range from 56 cents to 66 cents.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MRVL at https://www.zacks.com/ap/MRVL
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