Marvell Stock Drops Despite Strong Earnings as Outlook Fails to Impress | Global News Avenue

Marvell Technology (MRVL) reported the fourth quarter results, beating analyst expectations, but stocks fell in expanded trading as its outlook failed to impress.

this semiconductor The company believes revenue rose 27% year-on-year to $1.82 billion, exceeding the analyst consensus of visible alpha. Adjusted earnings were $531.4 million, 60 cents per share, up from $401.6 million a year ago, 46 ​​cents per share, and expected in advance. Revenue from the data center segment grew 78% to $1.37 billion, driven by demand AI Infrastructure.

Marvell expects first-quarter revenue of $1.875 billion, plus 5% and adjusted Earnings per share 56 cents to 66 cents. These forecasts are roughly consistent with analyst consensus.

But expectations for Marvell’s outlook are high, with Bank of America analysts calling for AI-driven upside and “better” forecasts. Marvell sharing has also increased A brief interest Over the past week, analysts at S3 Partners said Tuesday.

Marvell’s shares fell 15% in after-hours trading on Wednesday after the issuance. The stock has risen about 11% in the past year after hitting record highs in January.