Marvell Technology (MRVL) Adjusted Results Do Not Impact SharesMani
Marvell Technology Group reported a preliminary third-quarter net loss of $61.7 million or 12 cents a share, compared with the year-earlier profit of $115.3 million or 22 cents a share. The chip maker attributed the disappointing results to weak demand for its chips used in hard-disk drives.
Marvell reported that in the third quarter of fiscal 2016, storage revenue declined 16% sequentially, reflecting lower demand from . . .
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