Marvell Ahead of Earnings

mrvl New York, August 17th (TradersHuddle.com) – Shares of Marvell Technology Group Ltd. (NASDAQ:MRVL) are trading lower by -1.04% ahead of its quarterly earnings release. Marvell, the maker of integrated circuits for communications-related markets is expected to release its quarterly results on August 18th.

Wall Street Analysts consensus calls for a profit of $0.37 a share on $889.04 million revenue.

Marvell estimates have a range of $0.03 a share. The high estimate calls for profit of $0.38 a share and the low estimate is calling for a profit of $0.35 a share, a year ago for the quarter the company reported $0.4 a share.

Marvell Technology Group Ltd. (NASDAQ:MRVL) designs, develops, and markets integrated circuits for communications-related markets. The Company offers products that provide the interface between analog signals and the digital information used in computing and communications systems.

Other companies on the watch on this earnings event are Texas Instruments Incorporated NYSE:TXN and Broadcom Corporation NASDAQ:BRCM.

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