Marvell Technology Reports Solid Earnings. Investors Seem Disappointed.

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.

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