Why Marvell Technology Rallied 19.2% in December

Shares of chipmaker Marvell Technology (NASDAQ: MRVL) rallied 19.2% in December, according to data from S&P Global Market Intelligence.Marvell had a very busy month, reporting its fiscal third-quarter earnings while also making several positive announcements regarding its technology and key partnerships. So, it's no wonder the stock rallied in December to finish the year up 83%.In its fiscal third quarter, Marvell grew revenue 7% to $1.52 billion, while adjusted (non-GAAP) earnings per share rose 5% to $0.43. While these growth figures may not blow anyone away, they did beat analyst expectations. Moreover, the underlying growth of Marvell's key segments was much more encouraging.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool