Marvell's narrow Q1 earnings beat fails to wow Wall Street
Marvell Technology (MRVL) stock is under pressure after the company's first quarter results came in just above expectations. First quarter net revenue was $1.9 billion in the first quarter, beating estimates of $1.88 billion, while adjusted earnings per share (EPS) were $0.62, above the expected $0.61. The company's sales and earnings outlook for the upcoming quarter were roughly in line with analyst estimates. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.