) reported third-quarter fiscal 2025 earnings that exceeded analyst expectations, driving its stock almost 8% higher in after-hours trading. The company also provided an optimistic outlook for the fourth quarter, citing robust demand for its AI-related products.
Marvell's fourth-quarter guidance also impressed investors. The company forecasts revenue of $1.8 billion , significantly above the $1.646 billion consensus. Adjusted EPS is expected to be $0.59 , topping analyst projections of $0.52. The company anticipates continued momentum, projecting 26% YoY revenue growth for the fourth quarter. Murphy added,"We look forward to a strong finish to this fiscal year and expect substantial momentum to continue in fiscal 2026."Scan QR code to install app
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Investingcom - 🏆 450. / 53 Read more »