In the latest trading session, Marvell Technology (MRVL) closed at $43.78, marking a +0.44% move from the previous day. This change outpaced the S&P 500’s 0.63% loss on the day. Elsewhere, the Dow lost 0.55%, while the tech-heavy Nasdaq lost 0.1%.
Prior to today’s trading, shares of the chipmaker had gained 11.14% over the past month. This has outpaced the Computer and Technology sector’s gain of 8.45% and the S&P 500’s gain of 5.91% in that time.
Wall Street will be looking for positivity from MRVL as it approaches its next earnings report date. The company is expected to report EPS of $0.25, up 47.06% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $750.23 million, up 13.25% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.92 per share and revenue of $2.96