Marvell Technology Group (MRVL) announced after the close Friday that it now expects to report first quarter revenues of $710 million to $740 million, down from prior guidance of $810 million to $830 million. The consensus estimate is for revenues of $816.3 million. The stock is now down 0.75 on 112K shares.
Marvell Technology Group declined until around 1:15PM Friday, but recovered some ground going into the close. Shares finished with a loss of 0.23 at $14.31.
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