Published on 2 Dec 2021 on Market Watch
Marvell stock surges more than 10% after earnings, outlook beat
Marvell Technology Inc. shares rallied nearly 16% in the extended session Thursday after the chip maker’s results and outlook topped Wall Street estimates.
Marvell shares ended the extended session up 15.9%, following a 0.1% advance in the regular session to close at $71.03. Shares are up 56% over the past 12 months, compared with a 40% gain by the PHLX Semiconductor Index and a 25% gain by the S&P 500 index