Marvell Technology, PayPal, Rubrik And Other Big Stocks Moving Lower In Friday's Pre-Market Session

Marvell Technology, PayPal, Rubrik And Other Big Stocks Moving Lower In Friday’s Pre-Market Session

U.S. stock futures were mostly lower this morning, with the Nasdaq 100 futures falling around 0.3% on Friday. Shares of Marvell Technology Inc (NASDAQ: MRVL ) fell sharply in pre-market trading following financial results for the second quarter. Marvell posted second-quarter revenue of $2.74 billion, beating the consensus estimate of $2.71 billion. The chip designer reported adjusted earnings of 94 cents per share for the period, beating estimates of 92 cents per share, according to Benzinga Pro. Marvell Technology shares dipped 7.6% to $223.00 in pre-market trading.

Here are some other stocks moving lower in pre-market trading. Vistance Networks Inc (NASDAQ: VISN ) shares dipped 41.5% to $6.80 in pre-market trading. Vistance Networks recently authorized additional $...