What Is Holding Marvell Technology Back in 2019

When Marvell Technology Group Ltd. (NASDAQ: MRVL) reported its fiscal fourth-quarter financial results after the markets closed on Thursday, the firm said that it had $ 0.25 in earnings per share (EPS) and $ 744.8 million billion in revenue. Consensus estimates had called for $ 0.25 in EPS and $ 740 million in revenue, and the same period of last year reportedly had $ 0.32 in EPS and $ 615.4 million in revenue.

Marvell closed its acquisition with Caium back in July, and management reports that it has increased its prior synergy target to $ 200 million, which is on track to achieve by the end of fiscal 2020 on a run-rate basis.

Separately, the firm impr…
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