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Why Marvell Technology Shares Are Trading Higher By Around 13%; Here Are 20 Stocks Moving Premarket

Benzinga ·  Dec 4 05:11

Shares ofMarvell Technology, Inc.(NASDAQ:MRVL) rose sharply in today's pre-market trading after the company reported better-than-expected third-quarter financial results and issued fourth-quarter guidance above estimates.

Marvell Technology reported quarterly earnings of 43 cents per share, which beat the analyst consensus estimate of 41 cents. Quarterly revenue came in at $1.52 billion, which beat the consensus estimate of $1.46 billion and is an increase over sales of $1.42 billion from the same period last year.

Marvell Technology shares jumped 12.6% to $108.00 in the pre-market trading session.

Here are some other stocks moving in pre-market trading.

Gainers

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