Investing.com - Marvell reported on Monday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Marvell announced earnings per share of $0.29 on revenue of $832.3M (NYSE:MMM). Analysts polled by Investing.com anticipated EPS of $0.271 on revenue of $805.8M.
Marvell shares are up 1% from the beginning of the year and are trading at $49.50 , down-from-52-week-high.They are under-performing the Nasdaq which is up 7.71% from the start of the year.
Marvell shares gained 2.48% in after-hours trade after the report.
Marvell follows other major Technology sector earnings this month
Marvell's report follows an earnings beat by NVIDIA on Wednesday, May 26, 2021, who reported EPS of $3.66 on revenue of $5.66B, compared to forecasts EPS of $3.29 on revenue of $5.4B.
Cisco had beat expectations on Wednesday, May 19, 2021 with third quarter EPS of $0.83 on revenue of $12.8B, compared to forecast for EPS of $0.8219 on revenue of $12.57B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar