Semiconductor company Marvell Technology (NASDAQ:MRVL) is set to report first-quarter financial results after market close on Thursday.
Earnings Estimates: Analysts expect Marvell to report first-quarter revenue of $1.18 billion,.
The company reported $1.32 billion in revenue in last year’s first quarter. Marvell has exceeded analysts’ revenue estimates in eight of the last 10 quarters, including the past five consecutive quarters.
Analysts expect the company to report first-quarter earnings per share of 25 cents, compared to 31 cents reported in last year’s first quarter.
The company has beaten analysts’ earnings per share estimates in seven of the last 10 quarters, with the fourth quarter results coming in-line with estimates.
Marvell previously guided for first-quarter revenue to be $1.15 billion, plus or minus 5%. The company also guided for adjusted first-quarter earnings per share of 23 cents, plus or minus 5 cents per share.