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Here's What Key Metrics Tell Us About Marvell (MRVL) Q2 Earnings
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For the quarter ended July 2024, Marvell Technology (MRVL - Free Report) reported revenue of $1.27 billion, down 5.1% over the same period last year. EPS came in at $0.30, compared to $0.33 in the year-ago quarter.
The reported revenue represents a surprise of +1.79% over the Zacks Consensus Estimate of $1.25 billion. With the consensus EPS estimate being $0.29, the EPS surprise was +3.45%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Marvell performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Revenue by end market- Data center
: $880.90 million compared to the $864.97 million average estimate based on seven analysts. The reported number represents a change of +91.6% year over year.
Net Revenue by end market- Carrier infrastructure
: $75.90 million compared to the $72.07 million average estimate based on seven analysts. The reported number represents a change of -72.5% year over year.
Net Revenue by end market- Automotive/industrial
: $76.20 million versus $77.67 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -30.9% change.
Net Revenue by end market- Consumer
: $88.90 million versus $84.25 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -47% change.
Net Revenue by end market- Enterprise networking
: $151 million compared to the $153.62 million average estimate based on seven analysts. The reported number represents a change of -53.9% year over year.
Shares of Marvell have returned +2.2% over the past month versus the Zacks S&P 500 composite's +2.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Here's What Key Metrics Tell Us About Marvell (MRVL) Q2 Earnings
For the quarter ended July 2024, Marvell Technology (MRVL - Free Report) reported revenue of $1.27 billion, down 5.1% over the same period last year. EPS came in at $0.30, compared to $0.33 in the year-ago quarter.
The reported revenue represents a surprise of +1.79% over the Zacks Consensus Estimate of $1.25 billion. With the consensus EPS estimate being $0.29, the EPS surprise was +3.45%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Marvell performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Marvell here>>>Net Revenue by end market- Data center
: $880.90 million compared to the $864.97 million average estimate based on seven analysts. The reported number represents a change of +91.6% year over year.Net Revenue by end market- Carrier infrastructure
: $75.90 million compared to the $72.07 million average estimate based on seven analysts. The reported number represents a change of -72.5% year over year.Net Revenue by end market- Automotive/industrial
: $76.20 million versus $77.67 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -30.9% change.Net Revenue by end market- Consumer
: $88.90 million versus $84.25 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -47% change.Net Revenue by end market- Enterprise networking
: $151 million compared to the $153.62 million average estimate based on seven analysts. The reported number represents a change of -53.9% year over year.Shares of Marvell have returned +2.2% over the past month versus the Zacks S&P 500 composite's +2.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.