Marvell Technology, Inc. (NASDAQ: MRVL) has announced that it will be unveiling its second quarter financial results on Thursday 29th August 2024. This eagerly anticipated announcement is scheduled to occur after market close, ensuring that investors and analysts have the opportunity to gain valuable insights into the company's performance during the quarter.
In accordance with the forecasts of financial specialists on Wall Street, the company is primed to announce an anticipated $0.30 profit per share for the quarter. Additionally, the company is projected to reveal a total revenue of $1.25 billion for this particular period.
Financial analysts have shared their forecasts for the company's annual performance, indicating their belief that the company will achieve a total revenue of $5.41 billion. Additionally, they predict that the earnings per share for the company will hit profit of $1.38 by the end of the fiscal year.
The company's earnings report for the corresponding quarter of the previous year showcased a per-share income of $0.33 from the revenues of $1.34 billion.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Q1 2025 | $0.24 | -22.6% | 1.16 B | -12.2% |
| Q4 2024 | $0.46 | 0% | 1.43 B | +0.6% |
| Q3 2024 | $0.41 | -28.1% | 1.42 B | -7.7% |
| Q2 2024 | $0.33 | -42.1% | 1.34 B | -11.6% |
*Growth on year-over-year basis
MRVL has scheduled a conference call on 29th August 2024 at 04:45 PM eastern time to discuss the second quarter financial results and other related information.
Marvell Technology (MRVL) shares experienced a range of $68.58 to $71.85 on a day volume of 10.31 million shares. The stock closed Monday's regular trading session at $68.82, demonstrating a 4.2 percent decline.
