Marvell Technology posted a quarterly profit that exceeded analysts' expectations on Thursday, but shares fell in late trading.
The semiconductor firm reported fourth-quarter earnings of 40 cents a share, excluding one-time items. Marvell earned 5 cents a share during the same period a year earlier.
Sales for the most recent quarter rose to $842.5 million, up from $513 million last year.
The company was seen earning 37 cents a share on revenue of $842 million, according to a consensus estimate from Thomson Reuters.