Marvell Technology (MRVL) shares crashed 18.60% on Friday after the company issued a weaker-than-expected forecast for the third quarter. The sharp decline came despite second-quarter results showing strong growth in revenue, steady profits, and earnings in line with expectations. However, investors focused on the outlook rather than the recent gains, which led to a selloff in the stock. Elevate Your …
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Friday is turning out to be a down day for the markets although that is probably scant consolidation for Marvell (NASDAQ:MRVL) investors. The shares are being subjected to a severe beating after the semi firm’s fiscal second quarter results failed to impress. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, …
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Marvell Technology (NASDAQ:MRVL) shares tumbled Friday after the chipmaker’s upbeat second-quarter results were overshadowed by underwhelming third-quarter guidance, prompting Wall Street to trim price forecasts and deepening investor concerns over the near-term outlook. Marvell posted adjusted earnings of 67 cents per share, edging past Wall Street’s forecast of 66 cents. Revenue came in at $2.006 billion, just shy of the …
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Marvell Technology Group Ltd. headquarters in Santa Clara, California, US, on Friday, Sept. 6, 2024. David Paul Morris | Bloomberg | Getty Images Shares of Marvell Technology plunged 15% on Friday after the artificial intelligence chipmaker’s data center revenue fell short of estimates and it gave lackluster guidance for the current quarter. Here’s how the company did in comparison with …
Read More »Marvell Stock Tumbles. Why the AI Chip Player Keeps Disappointing the Market. Barron’sView Full Coverage on Google News Source link
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The Club’s 10 things to watch Friday, Aug. 29 — Today’s newsletter was written by Jeff Marks, the Club’s director of portfolio analysis. 1. The S & P 500 is on pace for a lower open to finish out the week after closing yesterday at a record high. There were no major fireworks from the release of the personal consumption …
Read More »Marvell Stock Tumbles. Why the AI Chip Player Keeps Disappointing the Market. Barron’sView Full Coverage on Google News Source link
Read More »Marvell, Dell, Nvidia, Alibaba, Affirm, Autodesk, Ambarella, IREN, and More Movers Barron’s Stocks making the biggest moves premarket: Alibaba, Ulta, Dell Technologies, Caterpillar & more CNBC Biggest stock movers Friday: MRVL, ADSK, DELL, and more (NASDAQ:AMBA) Seeking Alpha Stock Movers: ADSK, Dell, CAT Bloomberg.com Dell, Caterpillar and Marvell fell premarket; Ulta Beauty, Affirm rise Investing.com Source link
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Marvell Technology, Inc. MRVL will release earnings results for the second quarter after the closing bell on Thursday, Aug. 28. Analysts expect the Wilmington, Delaware-based company to report quarterly earnings at 67 cents per share, up from 30 cents per share in the year-ago period. Marvell Technology projects to report quarterly revenue of $2.01 billion, compared to $1.27 billion a …
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Shares of Marvell (MRVL) fell in after-hours trading after the semiconductor company reported earnings for its second quarter of Fiscal Year 2026. Earnings per share came in at $0.67, which was in line with analysts’ consensus estimate. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to …
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