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.
Thursday Sector Leaders: Auto Dealerships, Paper & Forest Products
Related symbols: GPI, KMX, UFS, VRS
Thursday Sector Laggards: Precious Metals, Textiles
Related symbols: TRX, FSM, SKX, ZQK
Wednesday Sector Leaders: Sporting Goods & Activities, Music & Electronics Stores
Related symbols: SIX, FUN, VOXX, HGG
Thursday's ETF with Unusual Volume: DTN
Related symbols: DTN, T, MSFT, CAT
Thursday's ETF Movers: XBI, GDXJ
Related symbols: SGMO, AMAG, BCM.CA, PG.CA, GDXJ, XBI
FXZ, GASL: Big ETF Inflows
Related symbols: FXZ, GASL, RKT, UFS, APC, APA
Daily Dividend Report: CMCSA, DD, TWC, AAL, VLO
Related symbols: CMCSA, DD, TWC, AAL, VLO
Daily Dividend Report: V, ENB, STX, PH, C
Related symbols: V, ENB, STX, PH, C
Daily Dividend Report: SPG, MCK, BBT, TROW, STJ, TXT, CNP, BC
Related symbols: SPG, MCK, BBT, TROW, STJ, TXT, CNP, BC
Weekly Market Wrap: October 17, 2014
Related symbols: AMD, BAC, AAPL, GE, JNJ, PAYX, CCL, SWK
Weekly Market Wrap: October 10, 2014
Related symbols: BAC, MU, INTC, GTAT, CAT, WAG, F, KRFT, ALG
Weekly Market Wrap: October 3, 2014
Related symbols: COP, GLW, PSX, MUR, IR, BAC, AAPL, MDT
Week Ahead Market Report: October 20, 2014
Related symbols: BAC, AAPL, PFE, AOS, KMB, ABT, DOW, GM, MMM, AAL, DPS, LLY, LO, B, CL, PG, UPS
About The Week Ahead Market Report
Week Ahead Market Report: October 13, 2014
Related symbols: BAC, CSX, AAPL, FB, SIRI, C, JPM, INTC, AXP, EBAY, NFLX, AMD, BHI, COF, BK, GE, MS
All videos » |
Stock market definitions »
Earnings After the Bell: Marvell, OmniVision
| Market News Video | Copyright © 2008 - 2014, 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.