(Boursier.com) — Marvell Technology, the American designer of ‘chips’, lost almost 5% last night on Wall Street following its quarterly publication. However, the group plans continued growth in its data center activities. Operators prefer to note that some customers are suffering from current economic conditions, which could weigh on other activities. For the fourth fiscal quarter, the period started, revenues are anticipated at 1.42 billion dollars, plus or minus 5%, against 1.46 billion consensus. Adjusted earnings per share are expected at 46 cents, plus or minus 5 cents, compared to the market consensus of 49 cents. For the quarter ended October 2023, revenues nevertheless exceeded expectations, at $1.42 billion, while adjusted EPS represented 41 cents, compared to 40 cents consensus.
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