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Marvell Technology (MRVL) - Get Marvell Technology Inc. Report  shares are gently lower after hours Tuesday after the company reported fiscal-third-quarter bottom-line results in line with expectations but revenue missed estimates. And the Q4 earnings outlook missed expectations.

For the quarter ended Nov. 2 the Santa Clara, Calif., company reported non-GAAP net income of 17 cents a share, matching the estimate of analysts surveyed by FactSet.

Revenue was $662 million against the estimate of $664.5 million. 

The company touted a strong performance from its enterprise and data center products as well as the ramping of its first 5G product shipments in volume.  

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For the fourth quarter, the company expects earnings of 15 cents to 19 cents a share on revenue of about $750 million. Analysts are expecting the company to report earnings of 21 cents on revenue of $699.5 million. 

The company said that its acquisitions of multigig ethernet company Aquantia and application-specific-integrated-circuit company Avera will be reflected in the fourth quarter. 

Earlier in the day, the company said all regulatory clearances have been received for NXP Semiconductors'  (NXPI) - Get NXP Semiconductors N.V. Report acquisition of Marvell's wireless connectivity portfolio. 

In May 2019, NXP agreed to acquire that portfolio, spanning wi-fi, bluetooth low energy, Zigbee, thread and near field communications. 

At last check after hours, Marvell was off 0.2%. The stock finished the regular session down 2.5% at $25.16.

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