Marvell Technology Group Ltd. (NASDAQ: MRVL) caught a mad bullish trend

Marvell Technology Group Ltd. shares are rising rapidly

In brief: Marvell Technology Group Ltd. (NASDAQ: MRVL)'s profit outlook has exceeded analysts' expectations.

Marvell Technology Group Ltd. (NASDAQ: MRVL) shares are purchased in volumes above the average . Marvell Technology Group shares rose to 16.39 points, gaining +1.48 (9.93%) in late trading.

American microchip designer Marvell Technology Group has published a forecast on profits for the third quarter at between 41 to 44 cents per share, while analysts expect earnings of 40 cents per share. The company hopes that sales in the current quarter will amount to $ 930 million to $ 970 million. At this, Marvell intends to redeem shares at $ 500 million.

Igor Tringlers
2010-08-20 19:41, Economics.

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