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.