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General

Marvell turns to loss in Q4

Friday 3 March 2017 | 11:05 CET | News
Marvell Technology said revenues for its fourth quarter to 28 January came in within guidance at USD 571 million, from 502.5 million the year before. The net loss from continuing operations amounted to USD 77 million or USD 0.15 per share, from a gain of 17.2 million. Cash flow from operations went to USD 119 million while cash and short-term investments amounted to USD 1.67 billion. For the full year, revenues reached USD 2.3 billion, with a net profit from continuing operations at USD 44 million or USD 0.09 per diluted share.

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Categories: General
Companies: Marvell / Marvell Technology
Countries: World
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