Marvell Reports Encouraging 2Q
By:
DailyMarkets.com
Posted on August 23, 2010 at 12:35 PM EDT
Marvell Technology Group Ltd. (NASDAQ:MRVL) reported second quarter fiscal 2011 adjusted earnings per share (EPS) of 36 cents, ahead of the Zacks Consensus Estimate of 35 cents. The adjusted earnings per share exclude amortization of intangible assets and restructuring charges, but include stock-based compensation expenses. The outperformance in the quarter’s results was driven by strong demand ...
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