
Marvell Technology Inc (NASDAQ:MRVL) shares are trading higher in Thursday's after-hours session after the company reported financial results.
Marvell said fiscal first-quarter revenue increased 74% year-over-year to $1.45 billion, which beat the estimate of $1.43 billion, according to data from Benzinga Pro. The company said strong revenues were driven by higher-than-forecasted results from the datacenter end market.