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Marvell Technology Profit Falls But Beats Estimates

Stock Researching
Publish date: Fri, 23 Aug 2013, 08:30 AM
Stock Researching
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From Liston Street Pulse:

Chip maker, Marvell Technology Group Ltd. (MRVL) reported 34% drop in fiscal second quarter net income. Lower revenue and higher operating expenses weighed on the bottom line. Still, shares edged up in aftermarket hours as both adjusted earnings and revenue beat Wall Street's estimates. In addition, the Company also provided optimistic guidance for the current […]

The post Marvell Technology Profit Falls But Beats Estimates appeared first on Liston Street Pulse.

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