Marvell Technology, Inc. (NASDAQ:MRVL) will release earnings for its first quarter after the closing bell on Wednesday, May 27.
Analysts expect the Wilmington, Delaware-based company to report quarterly earnings of 79 cents per share, up from 62 cents per share in the year-ago period. The consensus estimate for Marvell Technology's quarterly revenue is $2.41 billion (it reported $1.9 billion last year), according to Benzinga Pro.
On April 22, Marvell Technology announced that it has acquired Polariton Technologies to improve how data moves across large computing systems, adding technology that enhances speed and efficiency.
Shares of Marvell Technology rose 6.1% to close at $208.26 on Tuesday.
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