Marvell Technology (MRVL.O) fell 8.4% in US premarket trading, according to MSX data, after the company posted weak second-quarter results and a soft outlook. The decline was driven by the poor earnings performance and subdued forward guidance. The move came ahead of the regular trading session, with the stock under pressure following the latest quarterly report.
Marvell Technology (MRVL.O) fell 8.4% in premarket trading on the US stock market, according to MSX data.
The decline followed weak second-quarter results and a soft outlook, weighing on the shares ahead of the regular session.
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