Marvell Technology Group (MRVL) reported second quarter adjusted net income of $0.24 per share after the bell Thursday, down from $0.38 per share last year. The consensus estimate was for EPS of $0.26.
Marvell Technology Group gapped open sharply lower Friday and has continued to lose ground in early trade. Shares are now down 1.77 at $10.51 on above average volume. The stock is now testing the lows of the year, trading at nearly a one-month low.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.