Semi Equipment Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Semi Equipment Analysis

SOXX 312.76

+1.1%

Dec 8 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Donald Wennerstrom	2/6/2019 7:04:24 PM
	1 Recommendation Recommended By Return to Sender of 95536

Marvell Technology Stock Falls On Lowered Outlook -- MarketWatch 4:51 PM ET 2/6/19 \| MarketWatch Marvell Technology Group Ltd. (MRVL) shares fell in the extended session Wednesday after the chip maker reduced its outlook for the quarter on weaker-than-expected storage controller sales. Marvell shares dropped 4.4% after hours, following a 2% gain to close the regular session at $19.04. The company said it sees fourth-quarter revenue of $735 million to $745 million, below its previous range of $790 million to $830 million. Analysts surveyed by FactSet had forecast revenue of $810.4 million. "The majority of Marvell's fourth-quarter revenue shortfall was due to a weaker than expected storage controller business," the company said in a statement. "Marvell believes that demand for its products was impacted primarily by macroeconomic uncertainty, reduction in cloud capital spending and PC CPU shortages." Marvell, which is scheduled to report results on March 7, said it expects weakness to continue into the fiscal first quarter, where analysts are looking for revenue of $795 million.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next