Marvell Issues Weak Q3 Guidance, Cites Asian Customer

By | August 22, 2014

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Mobile chipmaker Marvell Technology Group (MRVL) saw its stock rise Friday on better-than-expected fiscal second-quarter earnings and despite disappointing Q3 guidance. Marvell stock was up 1.7% to near 14 in afternoon trading on the stock market today. Marvell fell in after-hours trading Thursday after delivering its weak Q3 outlook, which was blamed on an unidentified Asian customer. The company, which makes flash-memory drives and chips used in Scalper1 News

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