Marvell Technology Group Ltd. MRVL traded down in Thursday's extended session after posted a disappointing outlook and fourth-quarter results.
The Santa Clara, California-based semiconductor company changed hands recently at $15.60, down nearly 5 percent.
Marvell forecast first-quarter adjusted earnings of between $0.17 and $0.19 cents a share, on revenue of $810 million to $830 million.
Analysts expect $0.22 cents a share on revenue of $884.16 million.
In the recent fourth quarter ended Jan. 31, Marvell's net income declined 15 percent to $82 million, or $0.16 a share, from $97 million, or $0.19 a share last year.
Adjusted profit for the recent period equaled $0.25 cents a share, while revenue fell 8 percent to $857 million, from $932 million a year earlier.
Wall Street expected earnings of $0.24 cents a share, on revenue of 889.88 million.
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