LONDON, UK / ACCESSWIRE / April 18, 2018 / Active-Investors.com has just released a free earnings report on Marvell Technology Group Ltd (NASDAQ: MRVL) ("Marvell"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=MRVL. On March 08, 2018, Marvell reported financial results for the fourth quarter and full year ended February 03, 2018. The Company exceeded analysts' consensus estimates for revenue as well as earnings in Q4 FY18. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Marvell Technology Group most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

Marvell's total revenues reached $615.41 million for Q4 FY18, reflecting an increase of 8.66% from $566.36 million in Q4 FY17. Total reported revenue surpassed analysts' consensus estimates of $611.65 million. In the quarter under review, Marvell's storage revenues accounted for 52.6%, networking revenue accounted for 25.24% and connectivity revenue for 14.02% of total revenue.

Marvell's cost of goods sold was $241.93 million for the reported quarter, a slight increase of 0.62% from $240.45 million in the previous year's corresponding quarter. The Company's gross profit advanced 14.60% to $373.48 million in Q4 FY18 from $325.91 million in Q4 FY17. Marvell's gross margin increased 3.14 percentage points to 60.69% in the reported quarter.

Marvell incurred total operating expenses of $319.47 million in Q4 FY18, 1.66% lower than $324.88 million in Q4 FY17. The Company's operating income from continuing operations was $54.01 million in the quarter under review, which is approximately 52.08 times the operating income of $1.04 million in the year ago same quarter.

Marvell's net income from continuing operations was $48.76 million, or $0.1 per share, for Q4 FY18 compared to loss from continuing operations of $63.53 million, or $0.13 per share, in Q4 FY17. Marvell's reported quarter results included share-based compensation, restructuring gain, amortization and write-off of acquired intangible assets, litigation settlement and other operating expenses. The Company's adjusted diluted earnings per share (DEPS), after excluding these special items, was $0.32 in Q4 FY18, an increase of 45.45% from $0.22 in Q4 FY17. Marvell's adjusted DEPS was higher than analysts' consensus estimates of $0.31 per share.

For the year ending February 03, 2018, Marvell's total revenues were $2.41 billion, which is an increase of 4.70% from $2.30 billion in FY17. The Company's operating income from continuing operations jumped 229.50% to $429.7 million in the reported year. Marvell's net income from continuing operations was $433.14 million, or $0.87 per share, in FY18, up 478.90% from $74.82 million, or $0.15 per share, in FY17. The Company's adjusted DEPS for FY18, excluding special items was $1.19, an increase of 80.30% from $0.66 in FY17.

Cash Matters

Marvell had cash and cash equivalents of $888.48 million as on February 03, 2018, 9.14% higher than $814.09 million as on January 28, 2017.

Marvell's cash inflow from operating activities was $119.74 million for Q4 FY18 compared to $118.85 million in Q4 FY17. The Company spent $13.40 million on purchases of property and equipment in the reported quarter, 97.39% higher than the $6.79 million reported in the previous year's same quarter.

Marvell distributed dividends of $29.70 million in Q4 FY18, a decrease of 2.50% from $30.46 million in Q4 FY17.

Outlook

For the first quarter of fiscal 2019, Marvell expects revenue to be between $585 million and $615 million. The Company expects its GAAP and non-GAAP gross margins to be approximately 62% to 63% in Q1 FY19.

Marvell expects GAAP diluted EPS from continuing operations to be in the range of $0.22 to $0.26 per share and non-GAAP diluted EPS from continuing operations to be in the range of $0.29 to $0.33 per share in Q1 FY19.

Stock Performance Snapshot

April 17, 2018 - At Tuesday's closing bell, Marvell Technology's stock climbed 2.25%, ending the trading session at $22.25.

Volume traded for the day: 4.74 million shares.

Stock performance in the previous six-month period ? up 21.72%; past twelve-month period ? up 50.03%; and year-to-date ? up 3.63%

After yesterday's close, Marvell Technology's market cap was at $11.25 billion.

Price to Earnings (P/E) ratio was at 26.12.

The stock has a dividend yield of 1.08%.

The stock is part of the Technology sector, categorized under the Semiconductor - Integrated Circuits industry. This sector was up 1.8% at the end of the session.

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