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 (
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.
Friday Sector Laggards: Trucking, Defense Stocks
Related symbols: R, YRCW, KTOS, ARTX
Friday Sector Leaders: Apparel Stores, Shipping Stocks
Related symbols: SCVL, FL, PANL, SB
Thursday Sector Laggards: Rental, Leasing, & Royalty, Auto Dealerships
Related symbols: NTIP, NRT, AAP, AN
Friday's ETF with Unusual Volume: IPKW
Related symbols: IPKW, WFT, ARI, GC.CA, DOL
Friday's ETF Movers: XRT, SMH
Related symbols: FL, ANF, KLAC, INTC, SMH, XRT
JNK, LABD: Big ETF Outflows
Related symbols: JNK, LABD
Daily Dividend Report: NKE, SYY, KEY, HD, BLK, FDX, KMB, ALL
Related symbols: NKE, SYY, KEY, HD, BLK, FDX, KMB, ALL
Daily Dividend Report: UNP, A, CDK, CB, RTN
Related symbols: UNP, A, CDK, CB, RTN
Daily Dividend Report: HPQ, SU, LRCX, VVV, CPG
Related symbols: HPQ, SU, LRCX, VVV, CPG
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 - 2017, 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.