Marvell Technology (MRVL) Adjusted Results Do Not Impact Shares – ValueWalk Premium
Marvell Technology

Marvell Technology (MRVL) Adjusted Results Do Not Impact Shares

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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