News for Marvell

Dec 4 · 5:02:00 PM · Source: CNBC.com

Marvell reported a third-quarter profit of 35 cents a share, on sales of $803.1 million. One year ago, Marvell reported earnings of 23 cents a share on $791 million in sales. Marvell forecasts it will earn between 33 cents and 39 cents a share in fourth quarter, excluding one-time items, with sales in range of $820 million to $850 million.
Marvell makes chips for a wide variety of products, including Western Digital's hard drives and Research in Motion's BlackBerry smartphones. The company said it has seen improved demand across its entire portfolio.


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by Rich Pike

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