Marvell Tech Third Quarter Earnings Sneak Peek

Marvell Technology Group Ltd. (NASDAQ:MRVL) will unveil its latest earnings on Thursday, November 15, 2012. Marvell Technology Group is a global semiconductor provider of analog, mixed-signal, digital signal processing, and embedded microprocessor integrated circuits.

Marvell Technology Group Ltd. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 15 cents per share, a decline of 57.1% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 27 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 18 cents during the last month. Analysts are projecting profit to rise by 38% versus last year to 67 cents.

Past Earnings Performance: Last quarter, the company missed estimates by 3 cents, coming in at net income of 19 cents per share versus a mean estimate of profit of 22 cents per share. In the first quarter, the company beat estimates by 2 cents.

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A Look Back: In the second quarter, profit fell 51.6% to $93.1 million (16 cents a share) from $192.4 million (31 cents a share) the year earlier, missing analyst expectations. Revenue fell 9.1% to $816.1 million from $897.5 million.

Wall St. Revenue Expectations: Analysts predict a decline of 18.6% in revenue from the year-earlier quarter to $773.5 million.

Analyst Ratings: There are mostly holds on the stock with 17 of 24 analysts surveyed giving that rating.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 4.68 last quarter. Having a ratio above 2:1 is usually considered a good indicator of a company’s liquidity and ability to meet creditor demands.

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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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