Earnings After the Bell: Marvell, OmniVision Friday, May 27, 12:36 PM ET
Marvell Technology Group (NASDAQ:
MRVL) posted a 29% decline in fiscal first quarter earnings, to $146.9 million, or $0.22 per share, from $205.8 million, or $0.30 per share, last year.
The cell phone semiconductor maker said revenue fell 6%, to $802 million.
Adjusted earnings of $0.29 per share missed analyst expectations, and revenue fell short as well.
But Marvellís forecast for adjusted earnings of $0.37 per share in the second quarter on revenue of $870 to $890 million exceeded analyst forecasts.
Also late yesterday, OmniVision Technologies (NASDAQ:
OVTI) posted a jump in fourth quarter earnings, to $34 million, or $0.56 per share, from $3.5 million, or $0.07 per share, last year.
The maker of sensors for smartphone cameras said revenue rose to $258.3 million from $157.2 million in last yearís fourth quarter.
Revenue was just ahead of analyst expectations, as were adjusted earnings of $0.66 per share.
OmniVision said it expects first quarter adjusted earnings of $0.64 to $0.77 per share, on revenue of $265 million to $285 million, below analyst forecasts at the low end.
For MarketNewsVideo.com, Iím Kristin Bianco.
Tuesday Sector Laggards: Oil & Gas Exploration & Production, Oil & Gas Equipment & Services
Related symbols: UNT, CWEI, IO, JPEP
Tuesday Sector Leaders: Packaging & Containers, Trucking Stocks
Related symbols: OI, GPK, SWFT, ARCB
Monday Sector Laggards: Shipping, Oil & Gas Equipment & Services
Related symbols: GNK, NMM, ETE, WMB
Tuesday's ETF with Unusual Volume: PSJ
Related symbols: PSJ, CRM, ATVI, SABR, PAYC
Tuesday's ETF Movers: PJP, XOP
Related symbols: HRTX, DEPO, SWN, UPL, XOP, PJP
HEWG, CBON: Big ETF Outflows
Related symbols: HEWG, CBON, EWG
Daily Dividend Report: LLL, UTX, MDLZ, ABC, STI, WCN, CDW
Related symbols: LLL, UTX, MDLZ, ABC, STI, WCN, CDW
Daily Dividend Report: HAS, V, O, CNA, PRE, BWP
Related symbols: HAS, V, O, CNA, PRE, BWP
Daily Dividend Report: BMS, PEP, EL, DTE, APA, KLAC, CE, FLR, ITC
Related symbols: BMS, PEP, EL, DTE, APA, KLAC, CE, FLR, ITC
Weekly Market Wrap: August 14, 2015
Related symbols: BAC, AMAT, AAPL, S, SYY
Weekly Market Wrap: August 7, 2015
Related symbols: SUNE, BAC, CHK, GRPN, AAPL
Weekly Market Wrap: July 31, 2015
Related symbols: BAC, MU, AAPL, SUNE, FB
Week Ahead Market Report: June 8, 2015
Related symbols: BAC, FTR, AAPL, INTC, MNKD
Week Ahead Market Report: May 18, 2015
Related symbols: BAC, AAPL, VALE, T
Week Ahead Market Report: May 4, 2015
Related symbols: BAC, AAPL, MSFT, ICLD, NOK
All videos » |
Stock market definitions »
Earnings After the Bell: Marvell, OmniVision
| Market News Video | Copyright © 2008 - 2016, All Rights Reserved
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.