Marvell shares slide after Q2 results beat estimates
Marvell Technology reported second-quarter revenue of $2.74 billion versus $2.71 billion consensus, and adjusted earnings of 94 cents per share versus 92 cents. Shares fell 7.8% to $222.62 after hours.
With U.S. stock futures trading mixed this morning on Friday, some of the stocks that may grab investor focus today are as follows: Wall Street expects MINISO Group Holding Ltd — ADR (NYSE: MNSO ) to post quarterly earnings at 30 cents per share on revenue of $856.70 million before the opening bell, according to data Pro.
MINISO shares rose 2.8% to $11.11 in after-hours trading.
Marvell Technology Inc. (NASDAQ: MRVL ) reported better-than-expected financial results for the second quarter.
Marvell posted second-quarter revenue of $2.74 billion, beating the consensus estimate of $2.71 billion.
The chip designer reported adjusted earnings of 94 cents per share for the period, beating estimates of 92 cents per share, according to Pro.
Marvell shares fell 7.8% to $222.62 in the after-hours trading session.
Ulta Beauty Inc. (NASDAQ: ULTA ) posted upbeat results for the second quarter and raised its FY2026 guidance.
Ulta Beauty shares fell 3.4% to $522.00 in the after-hours trading session.
Check out our premarket coverage here Gap Inc (NYSE: GAP ) reported better-than-expected second-quarter earnings and raised their FY26 EPS guidance above estimates.
Gap raised its full-year adjusted earnings guidance from a range of $2.30 to $2.40 per share to a new range of $2.35 to $2.45 per share versus estimates of $2.34 per share.
Gap shares jumped 15% to $23.90 in the after-hours trading session.
Analysts expect Frontline Plc (NYSE: FRO ) to post quarterly earnings at $2.60 per share on revenue of $760.64 million before the opening bell.
Frontline shares rose 0.2% to $43.82 in after-hours trading.
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