Benzinga | Aug 26, 2021 04:06PM EDT

Marvell Technology Group Q2 EPS $0.34 Beats $0.31 Estimate, Sales $1.08B Miss $1.08B Estimate

Marvell Technology Group (NASDAQ:MRVL) reported quarterly earnings of $0.34 per share which beat the analyst consensus estimate of $0.31 by 9.68 percent. This is a 61.9 percent increase over earnings of $0.21 per share from the same period last year. The company reported quarterly sales of $1.08 billion which missed the analyst consensus estimate of $1.08 billion by 0.37 percent. This is a 47.95 percent increase over sales of $727.30 million the same period last year.