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Marvell Technology Group (NASDAQ:MRVL): Current price $10.24
The chip maker’s forecast results for the first quarter came in largely above analysts’ expectations, as it gained market share in hard-disk drive and flash storage divisions, pushing its shares up by 5 percent after close. The firm anticipates an adjusted profit of around 14 cents per share on revenue between $700 million to $740 million in the first quarter. On average, analysts expected a profit of 13 cents on revenue of $710.8 million, says Thomson Reuters I/B/E/S.
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