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Marvell Technologies
shares were being sinking in late investing Thursday right after the facts- centre semiconductor firm’s earnings and outlook dissatisfied Wall Road. The enterprise said makers of storage machines are cutting down their stockpiles of chips, hurting its near-expression effects.
Marvell
(ticker: MRVL) noted Oct quarter non-GAAP net earnings of $491.5 million, or 57 cents a share. Analysts polled by FactSet experienced forecast altered earnings of 59 cents a share. Profits of $1.54 billion was a touch under estimates of $1.55 billion.
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