Marvell Technology Group (Nasdaq: MRVL) reported earnings on Nov. 15. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Oct. 27 (Q3), Marvell Technology Group met expectations on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share dropped significantly.

Margins dropped across the board.

Revenue details
Marvell Technology Group tallied revenue of $780.9 million. The 29 analysts polled by S&P Capital IQ expected to see sales of $774.2 million on the same basis. GAAP reported sales were 18% lower than the prior-year quarter's $950.4 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.20. The 28 earnings estimates compiled by S&P Capital IQ averaged $0.20 per share. GAAP EPS of $0.12 for Q3 were 63% lower than the prior-year quarter's $0.32 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 52.0%, 460 basis points worse than the prior-year quarter. Operating margin was 8.6%, 1,150 basis points worse than the prior-year quarter. Net margin was 8.8%, 1,170 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $749.0 million. On the bottom line, the average EPS estimate is $0.18.

Next year's average estimate for revenue is $3.14 billion. The average EPS estimate is $0.85.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,398 members out of 1,473 rating the stock outperform, and 75 members rating it underperform. Among 306 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 291 give Marvell Technology Group a green thumbs-up, and 15 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Marvell Technology Group is hold, with an average price target of $10.08.

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