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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