Investing.com - Marvell (NASDAQ:MRVL) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Marvell announced earnings per share of $0.43 on revenue of $1.21B. Analysts polled by Investing.com anticipated EPS of $0.3848 on revenue of $1.15B.
Marvell shares are up 48% from the beginning of the year, still down 7.15% from its 52 week high of $76.12 set on November 22. They are outperforming the Nasdaq 100 which is up 24.07% from the start of the year.
Marvell follows other major Information Technology sector earnings this month
Marvell's report follows an earnings beat by NVIDIA on November 17, who reported EPS of $1.17 on revenue of $7.1B, compared to forecasts EPS of $1.11 on revenue of $6.82B.
Salesforce.com had beat expectations on Tuesday with third quarter EPS of $1.27 on revenue of $6.86B, compared to forecast for EPS of $0.9219 on revenue of $6.8B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar