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%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 3. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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

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.
Källa: MarketWatch - 🏆 3. / 97 Läs mer »

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.
Källa: MarketWatch - 🏆 3. / 97 Läs mer »