HAMILTON, Bermuda (AP) _ Marvell Technology, Inc. (MRVL) on Monday reported a loss of $88.2 million in its fiscal first quarter.

The Hamilton, Bermuda-based company said it had a loss of 13 cents per share. Earnings, adjusted for one-time gains and costs, were 29 cents per share.

The results exceeded Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share.

The chipmaker posted revenue of $832.3 million in the period, also beating Street forecasts. Ten analysts surveyed by Zacks expected $803 million.

For the current quarter ending in August, Marvell expects its per-share earnings to range from 28 cents to 34 cents.

Marvell shares have climbed 1.5% since the beginning of the year. In the final minutes of trading on Monday, shares hit $48.27, a climb of 34% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MRVL at https://www.zacks.com/ap/MRVL

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