Marvell (MRVL $14.49 +0.73) reported third quarter earnings of $0.40 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus of $0.39.
Revenues fell 1.0% year/year to $950 million versus the $940.08 million consensus.
Non-GAAP gross margin for the third quarter of fiscal 2012 was 56.8 percent, compared to 58.1 percent for the second quarter of fiscal 2012 and 59.5 percent for the third quarter of fiscal 2011.






