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Marvell Stock Dips Even With Big Sales Growth
Marvell Technology stock dropped today, even though the company reported strong sales numbers, because its future plans did not excite investors.
Investors watched Marvell Technology shares fall 8% this morning. This drop happened even as the company announced strong sales.
Marvell showed good results for the last three months. Its sales grew by 37%. This growth was more than experts thought it would be. Still, the stock went down.
The company gave its plans for the future. These plans did not meet what investors expected. Sometimes, even good news is not enough if future hopes are higher. This shows how important a company's outlook is for its stock price.
Source: CNBC
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