Marvell Technology Group Ltd. shares rose in the extended session Thursday after the chipmaker’s quarterly results and outlook topped Wall Street estimates. Marvell shares rose 2.2% to $16.20 after hours. The company reported adjusted fourth-quarter earnings of 22 cents a share on revenue of $571.4 million. Analysts surveyed by FactSet had estimated earnings of 19 cents a share on revenue of $567.7 million. For the first quarter, Marvell sees adjusted earnings of 19 cents to 23 cents on revenue of $570 million, give or take $11.4 million. Analysts had estimated 17 cents a share on revenue of $546 million.
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