Bears load up on puts ahead of Marvell Technology's 3Q report - Elizabeth Harrow

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Bears load up on puts ahead of Marvell Technology's 3Q report
Dec 03, 2009 05:20 PM UTC

Elizabeth Harrow

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Filed under: Earnings reports, Options, Technical Analysis, Marvell Technology Group (MRVL)

Marvell Technology Group (MRVL) is scheduled to take the earnings stage after the closing bell. Ahead of the tech company's fiscal third-quarter report, analysts are anticipating a profit of 27 cents per share, up from its year-ago net income of 23 cents per share. Sales for the quarter are expected to total $770 million.

If history is any guide, Marvell could very well exceed these consensus estimates. During the past four reporting periods, the company has consistently met or surpassed analysts' earnings expectations.

Continue reading Bears load up on puts ahead of Marvell Technology's 3Q report

Bears load up on puts ahead of Marvell Technology's 3Q report originally appeared on BloggingStocks on Thu, 03 Dec 2009 12:20:00 EST. Please see our terms for use of feeds.

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