VEEV - Marvell Technology Posts Weak Q1 Results Joins MongoDB Dell Technologies And Other Big Stocks Moving Lower In Friday's Pre-Market Session | Benzinga
U.S. stock futures were mostly lower this morning, with the Nasdaq futures falling around 70 points on Friday.
Shares of Marvell Technology, Inc. (NASDAQ:MRVL) fell sharply in today's pre-market trading following worse-than-expected first-quarter earnings.
Marvell reported quarterly earnings of 24 cents per share, which missed the analyst consensus estimate of 25 cents. Quarterly sales came in at $1.16 billion which missed the analyst consensus estimate of $1.18 billion, according to data from Benzinga Pro.
Marvell Technology shares dipped 5% to $73.04 in pre-market trading.
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