News Formal

Marvell Technology Reports Solid Earnings. Investors Seem Disappointed.

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 97%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

Management said it expects sequential growth in revenue to speed up in the third quarter, but the stock fell in after-hours trading.

Marvell Technology posted earnings results and gave financial guidance slightly above Wall Street expectations. But after the stock’s big rally this year, investors were likely hoping for more upside.

Management’s financial outlook was roughly in line as well. Marvell forecast a range of potential revenue for the current quarter with a midpoint of $1.4 billion, compared with the consensus view that revenue will be $1.39 billion.

 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 3. in İT

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Marvell earnings: What to expect from the chip makerMarvell will report earnings Thursday afternoon on the heels of mind-blowing results from Nvidia.
Fonte: MarketWatch - 🏆 3. / 97 Leggi di più »

Why AMD, Marvell, Intel and other chip stocks are falling after Nvidia earningsWall Street is cheering Nvidia's blowout results and outlook, but investors aren't extending that enthusiasm to the company's peers.
Fonte: MarketWatch - 🏆 3. / 97 Leggi di più »

Why AMD, Marvell, Intel and other chip stocks sank after Nvidia earningsAMD shares were among the S&P 500's biggest laggards Thursday as Nvidia's blowout results failed to drive the chip sector higher.
Fonte: MarketWatch - 🏆 3. / 97 Leggi di più »