Marvell Stock Slips After Q2 Earnings Report: Here's Why

Marvell Technology Inc. (NASDAQ:MRVL) released its second-quarter results after Thursday's closing bell. Here's a look at the details in the report.Get the inside scoop on MRVL stock here.

The Details: Marvell reported quarterly earnings of 67 cents per share, which beat the analyst estimate of 66 cents.

Quarterly revenue came in at $2.006 billion which missed the Street estimate of $2.009 billion.

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Non-GAAP gross margin was 59.4% in the second quarter.

“Marvell delivered ...