# 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. Toncoin (TON) Value Forecast for March 26th
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.
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.
