Marvell Technology (MRVL) reported fiscal foꦍurth-quarter results that beat analysts’ expectations, but shares tumbled in extended trading as its outlook failed to impress.

The 澳洲幸运5官方开奖结果体彩网:semiconductor company saw revenue grow 27% year-over-year to $1.82 billion, above the analyst consensus from Visible Alpha. Adjusted earnings came in at $531.4 million, or 60 cents per share, up from $401.6 million, or 46 cents per share, a year earlier, and ahead of expectations. Revenue from its data center segment increased 78% to $1.37 billion, driven by demand for 澳洲幸运5官方开奖结果体彩网:artificial intelligence infrastructure.

Marvell projected fiscal first-quarter revenue of $1.875 billion, plus or minus 5%, and adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share of 56 cents to 66 cents. Those projections were roughly in lin🍃e with the analyst consensus.

However, expectations for Marvell's outlook were high heading into the results, with Bank of America analysts calling for AI-driven upside and a "largely better" forecast. Marvell shares also saw a jump in 澳洲幸运5官方开奖结果体彩网:short interest over the past week, analysts at S3 Partners said Tuesday.

Shares of Marvell fell 15% in after-hours trading Wednesday following the release. The stock was up about 11% over the past year through Wednesday's close, after hitting a record high in January.