Benzinga | Jun 7, 2021 04:06PM EDT

Marvell Technology Group Q1 Adj. EPS $0.29 Beats $0.27 Estimate, Sales $832.28M Beat $804.21M Estimate

Marvell Technology Group (NASDAQ:MRVL) reported quarterly earnings of $0.29 per share which beat the analyst consensus estimate of $0.27 by 7.41 percent. This is a 61.11 percent increase over earnings of $0.18 per share from the same period last year. The company reported quarterly sales of $832.28 million which beat the analyst consensus estimate of $804.21 million by 3.49 percent. This is a 19.99 percent increase over sales of $693.64 million the same period last year.