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 Laggards: Oil & Gas Exploration & Production, Rental, Leasing, & Royalty Stocks
Related symbols: CWEI, HERO, BPT, HGT
Thursday Sector Leaders: Computer Peripherals, Metals Fabrication & Products
Related symbols: ELX, ZAGG, PGTI, TREX
Wednesday Sector Laggards: Sporting Goods & Activities, Beverages & Wineries
Related symbols: WBAI, FUN, SAM, SODA
Thursday's ETF with Unusual Volume: GURU
Related symbols: GURU, AAPL, HPQ, DNKN, NSM
Thursday's ETF Movers: GDXJ, XOP
Related symbols: PRU.CA, BCM.CA, CWEI, NFX, XOP, GDXJ
XLF, FEUZ: Big ETF Outflows
Related symbols: XLF, FEUZ, BRK.B, WFC
Daily Dividend Report: TD, CM, CB, PLD, KSS, ESS, TMO, ACE, CI
Related symbols: TD, CM, CB, PLD, KSS, ESS, TMO, ACE, CI
Daily Dividend Report: HD, CMCSA, BMO, CTL, UFS, MLI
Related symbols: HD, CMCSA, BMO, CTL, UFS, MLI
Daily Dividend Report: SRE, STJ, DKS, K, WLK, TW, EXR
Related symbols: SRE, STJ, DKS, K, WLK, TW, EXR
Weekly Market Wrap: February 13, 2015
Related symbols: ZNGA.BAC, GRPN, AAPL, HON, FDX, CSCO, UPS, TWX, UNH
Weekly Market Wrap: February 6, 2015
Related symbols: BAC, TWTR, FTR, SIRI, GE, PEP
Weekly Market Wrap: January 9, 2015
Related symbols: BAC, SAN, AAPL, CL, MET, COG, DDR
Week Ahead Market Report: February 23, 2015
Related symbols: AAPL, BAC, HLSS, NBG, SLXP
Week Ahead Market Report: February 9, 2015
Related symbols: BAC, AAPL, TWTR, NBG, DF, TAP, CG, CSCO, AIG, SJM
Week Ahead Market Report: February 2, 2015
Related symbols: BAC, AAPL, MSFT, FB, AET, GM, P, AON
All videos » |
Stock market definitions »
Earnings After the Bell: Marvell, OmniVision
| Market News Video | Copyright © 2008 - 2015, 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.