Chipmaker Marvell Rides Mobile, Storage To Q3 Beat

By | November 22, 2013

Scalper1 News

Marvell Technology (MRVL) stock rose Friday to a 17-month high after the chipmaker reported Q3 results above estimates, boosted by strong demand from mobile, wireless and storage customers. Marvell reported revenue of $931.2 million, above consensus estimates of $870.6 million and up 19% from the year-earlier quarter. That marked its biggest sales jump in three years. Revenue was also above Marvell’s guidance of $850 million to $890 million. It Scalper1 News

Scalper1 News