BUZZ-Marvell up; forecasts quarterly revenue above estimates

Marvell Technology, Inc.

Marvell Technology, Inc.

MRVL

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** Shares of chip firm Marvell Technology MRVL.O up 1.7% at $202.02 in volatile extended trading

** Marvell expects revenue of $2.70 billion for Q2, plus or minus 5%, compared with the analysts' average estimate of $2.60 billion, according to data compiled by LSEG

** Forecasts adjusted profit of 93 cents per share, plus or minus 5 cents, vs. estimates of 90 cents apiece

** Up to last close, MRVL stock more than doubled YTD


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