Marvell (MRVL) PT Lowered to $60 at Morgan Stanley
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Marvell (MRVL) Shares Slip on In-line Results, 'Disappointing' Guidance
August 26, 2022 8:25 AM EDTShares of Marvell Technology (NASDAQ: MRVL) are down about 3.5% in pre-open Friday after the chipmaker issued weaker-than-expected guidance.
Marvell reported Q2 EPS of $0.57 to narrowly edge the analyst estimate of $0.56. Revenue for the quarter came in line at $1.52 billion.
For this quarter, Marvel said it sees EPS between $0.56 and $0.62, slightly below... More
