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Marvell with loss in 1Q/2017
Marvell Technology Group Ltd. reported a loss on declining sales for its fiscal 1Q/2017, which ended April 30, 2016.
Key First Quarter of Fiscal 2017 Highlights
- Revenue: Q1 FY 2017, $541 Million
- GAAP Net (Loss): Q1 FY 2017, ($23) Million
- GAAP Diluted (Loss) Per Share: Q1 FY 2017, ($0.04)
- Cash Flow from Operations: Q1 FY 2017, ($610) Million
- Cash and ST Investments: $1.6 Billion
- Revenue is expected to be in the range of USD 625 - 635 million.
- GAAP Gross Margin is expected to be in the range of 52 percent.
- GAAP Operating Expenses are expected to be in the range of USD 307 - 317 million.
- GAAP Diluted EPS are expected to be in the range of USD 0.03 - 0.05.