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00:02Marvel Technology posted first quarter fiscal 2027 earnings of 80 cents per share,
00:08beating the analyst estimate of 79 cents, according to Benzinga Prodata.
00:13Revenue came in at $2.42 billion, topping the $2.4 billion estimate and up from $1.9 billion a
00:20year earlier.
00:22Non-GAAP gross margin was 58.9%.
00:26CEO Matt Murphy said the company set a quarterly revenue record
00:30and guided second quarter revenue to $2.7 billion at the midpoint,
00:34representing 35% year-over-year growth.
00:37For the second quarter, Marvel expects adjusted EPS of $0.88 to $0.98 versus the $0.90 estimate
00:44and revenue of $2.57 billion to $2.84 billion versus the $2.6 billion estimate.
00:51Murphy cited exceptional AI-related bookings and said the company is raising its revenue outlook
00:57for fiscal 2027 and fiscal 2028.
01:00Shares were down by 3.01% at $192.71 in Thursday's pre-market trading, according to Benzinga Prodata.
01:09For all things money, visit Benzinga.com.
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