Marvel Soars 20%! Will Semiconductors Continue to Rebound?
Marvell Technology are up 10% after the chipmaker reported Fiscal third-quarter financial results that topped Wall Street’s consensus forecasts.
EPS of $0.43, surpassed the consensus estimate of $0.41 among analysts.
Revenue in Q3 totaled $1.52 billion, ahead of the $1.46 billion expected on Wall Street.
Semiconductor stocks generally rebounded yesterday.
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Will Marvell help continue the uptrend?