# Marvell Shares Plunge After Solid Profits Due to Weak Guidance
Marvell Technology’s (MRVL) Q4 monetary statement exceeded expert forecasts. However, the stock price decreased dramatically in after-hours trading due to its poor outlook, which failed to wow shareholders.
The semiconductor firm’s income climbed 27% year over year to $1.82 billion, surpassing the consensus anticipated by experts. Adjusted profits were $531.4 million, or $0.60 per share, up from $401.6 million, or $0.46 per share, the prior year, again outperforming expectations. Its data center segment saw income rise 78% to $1.37 billion, owing to demand for AI infrastructure.
Marvell predicts Q1 income of $1.875 billion, plus or minus 5%, and adjusted earnings per share of $0.56 to $0.66. These estimates are essentially consistent with what experts were generally anticipating.
However, the market had great expectations for Marvell’s future, with Bank of America analysts pushing for greater AI-driven growth and more accurate predictions. According to S3 Partners analysts, short bets on Marvell stock have grown in the last week. Toncoin (TON) Value Forecast for March 26th
Marvell’s stock price fell 15% in after-hours trading on Wednesday. Before Wednesday’s close, the stock had risen about 11% in the previous year, after reaching an all-time high in January.
