Trending Stocks: Marvell Technology Group Ltd. (NASDAQ:MRVL), Gramercy Property Trust (NYSE:GPT)

On Thursday, Shares of Marvell Technology Group Ltd. (NASDAQ:MRVL), subtract -0.52% and shut at $13.36 inside the end purchasing and offering session. The last exchanging scope of the stock ranges amongst $13.23 and $13.58. Marvell Technology Group Ltd. (MRVL), a leader in storage, networking, and connectivity semiconductor solutions, recently stated financial results for the third quarter of fiscal 2017, ended October 29, 2016.  Revenues for the third quarter of fiscal 2017 were $654 million which exceeded the Company’s guidance offered on September 6, 2016.

GAAP net income for the third quarter of fiscal 2017 was $73 million, or $0.14 per share (diluted). Non-GAAP net income for the third quarter of fiscal 2017 was $105 million, or $0.20 per share (diluted). Cash flow from operations for the quarter was $121 million.

“Marvell delivered strong financial performance in Q3,” said Matt Murphy, President and Chief Executive Officer. “Our core businesses performed very well, with data storage and network infrastructure growing double digits year-over-year. I’m very happy with the performance of our team.”

Shares of Gramercy Property Trust (NYSE:GPT), subtract -0.48% and shut at $8.34 inside the last exchanging session. The rest of the purchasing and offering scope of the stock levels among $8.32 and $8.49. The association’s commercial center capitalization is $3.46 Billion with the general uncommon loads of 421.98 million. Gramercy Property Trust, Inc. is an equity real estate investment trust. The firm invests in the real estate markets of the United States. It makes investments in industrial and office properties to create its portfolio.

Leave a Reply

Your email address will not be published. Required fields are marked *