Seeking Alpha

Marvell beats by $0.04, beats on revenues

  • Marvell (MRVL): Q2 EPS of $0.23 beats by $0.04.
  • Revenue of $807M beats by $15.7M. Shares +4.2% AH. (PR)
Comments (5)
  • Stock Market Mike
    , contributor
    Comments (2172) | Send Message
     
    Wooo!

     

    Long with calls. Hope their guidance on the conf call is good.
    22 Aug 2013, 04:08 PM Reply Like
  • Ashraf Eassa
    , contributor
    Comments (9039) | Send Message
     
    Guidance is given in the release.

     

    Revenue is expected to be in the range of $850 to $890 Million.
    22 Aug 2013, 04:17 PM Reply Like
  • Stock Market Mike
    , contributor
    Comments (2172) | Send Message
     
    I meant guidance on how their newer ventures are going. Wireless division, etc.

     

    Edit:
    "The chipmaker attributes its FQ2 beat to "better demand and share gains" for storage chips, and "strong double-digit growth" for mobile/wireless chip sales."

     

    http://seekingalpha.co...

     

    Must also be why margins are coming down a notch. Looks good to me! Listening to the call.
    22 Aug 2013, 04:31 PM Reply Like
  • SivBum
    , contributor
    Comments (1776) | Send Message
     
    probably good with the google TV box. Shares up less than 2% AHs. They need to put the law suits to bed. settle with CMU or counter sue if there is merit. Shares are still below 2 years ago.
    22 Aug 2013, 04:13 PM Reply Like
  • Stock Market Mike
    , contributor
    Comments (2172) | Send Message
     
    Well, I closed my MRVL position at the beginning of today, and reopened it less than an hour later. Not sure how long I'll hold it for - depends on the price action over the next few days. It could just have been a forced sale due to the share repurchases. (Some big holder getting below the 10% line...)
    23 Aug 2013, 10:29 AM Reply Like
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