More on Marvell: FQ1 guidance is for revenue of $700M-$740M and EPS of $0.12-$0.16, somewhat...
More on Marvell: FQ1 guidance is for revenue of $700M-$740M and EPS of $0.12-$0.16, somewhat favorable to a consensus of $707.8M and $0.13. FQ4 EPS beat assisted by $283M in buybacks. Company says it gained hard drive controller share (at LSI's expense?). Gross margin was 53.2%, +90 bps Q/Q and -130 bps Y/Y. Opex +9% Y/Y, above rev. growth of 4%. MRVL +4.5% AH, shares have been depressed for a while. CC at 4:45PM ET (webcast). (PR)
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