Why Did Marvell Technology Stock Drop Today?
Marvell stock costs a lot. Is it worth it?
Overview
Marvell Technology (NASDAQ: MRVL) stock tumbled 8% through 10:55 a.m. ET Friday despite beating on both top and bottom lines in its fiscal Q2 2027 earnings report last night.
Heading into the report, Wall Street forecast Marvell to earn $0.93 per share on sales of $2.71 billion. Marvell actually earned $0.94 per share on sales of $2.74 billion, eking out wins on both counts.
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Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.