EmailMarvell (MRVL $10.37 -1.91) reported second quarter earnings of $0.24 per share, $0.02 worse than the Capital IQ Consensus Estimate of $0.26. Revenues fell 9.1% year over year to $816 million versus the $853.36 million consensus. Non-GAAP gross margin for the second quarter of fiscal 2013 was 53.6%, compared to 54.5% for the first quarter of fiscal 2013 and 58.1% for the second quarter of fiscal 2012. The company stated, "Our results in the second quarter were affected primarily by the slowdown in the macro-economic environment that impacted our storage and mobile end markets. However, our SSD, 500 gigabyte per platter HDD and wireless connectivity products grew double digits sequentially and our networking end market continued to outperform on the strength of new products and share gains."
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