MidnightTrader Earnings Play: Marvell Technology Group

Marvell Technology Group (MRVL | Quote | Chart | News | PowerRating) is due with its Q2 results after the bell tonight, and analysts polled by Thomson Reuters are expecting the company to report a profit of $0.21 per share on revenue of $836.7 million.

MRVL has a tendency to see its after-hours performance narrow or reverse course in next day trade, with only a few exceptions. But investors should note that near-term, the stock's performance is shifting; MRVL has now widened its next-day share move in three of four quarters.

On May 29, 2008, the stock gained 14.9% after the company beat with Q1 results. The gain fattened to 23.3% the next day.

On March 6, 2008, MRVL declined 5.1% in evening trade after reporting a strong Q4 but setting guidance that disappointed Wall Street. The stock saw its downside slim back just a bit the following day, ending the March 7 regular session down 5.0

On Nov. 27, 2007, the stock dropped 9.9% during evening trading after the company beat with Q3 results but announced job cuts. The loss was a slightly deeper 10.1% the next day.

On Aug. 23, 2007, MRVL shed 8.1% in after-hours trade after the company met Q2 earnings expectations and beat on revenue. It added to its downside the next day, closing the Aug. 24 regular session down 11.7%.

On May 17, 2007, MRVL firmed 1.5% in night trade despite missing Q1 sales estimates. Shares, though, fell the next day to close the regular session down 2.8%.

On Feb. 26, 2007, MRVL advanced 5% in after-hours trade after the company reported a year-over-year improvement in Q4 sales but still missed Street estimates. It lost a chunk of that gain in the next day's regular session, gaining a more modest 3%.

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