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Marvell meets Q2 outlook for lower results, sees further impact from Huawei ban in Q3

Friday 30 August 2019 | 09:01 CET | News
Marvell Technology reported revenues for the second quarter of USD 657 million, near the high end of its guidance but down from USD 665 million a year ago. Adjusted net earnings fell to USD 110 million or USD 0.16 per share, from USD 162 million or USD 0.28 per share in Q2 2018, in line with the company's outlook. Cash flow from operations was USD 73 million.

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Categories: Mobile & Wireless
Companies: Huawei / Marvell Technology
Countries: World
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