How Will Marvell Technology (MRVL) Stock React to Q4 Results?

Marvell Technology (MRVL) released its 2016 fourth quarter earnings results this afternoon.
By Rachel Graf ,

NEW YORK (TheStreet) -- Marvell Technology (MRVL) - Get Report  reported mixed results for the 2016 fourth quarter this afternoon. 

After the market close, the semiconductor provider reported adjusted earnings of 11 cents per share, beating analysts' estimates of 9 cents per share.

Revenue declined about 9% year-over-year to $616.2 million in the most recent period and missed analysts' projections of $652.7 million. 

Shares are unchanged in after-hours trading after closing at $9.85 in today's trading session.

Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C.

Marvell's strengths such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself.

You can view the full analysis from the report here: MRVL

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author. 

Loading ...