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

1. Dell's shares fell 6.7% in pre-market trading. 2. The company reported strong second-quarter earnings results. 3. Third-quarter revenue guidance exceeded estimates but adjusted earnings fell short. 4. Dell expects third-quarter revenue of $26.5-$27.5 billion, versus $26.05 billion estimates. 5. Analysts anticipated adjusted earnings of $2.55 per share, while Dell expects $2.45.

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FAQ

Why Bearish?

Despite stronger-than-expected quarterly earnings, negative pre-market movement is concerning.

How important is it?

There are mixed signals where earnings beat analyst estimates but guidance underwhelmed.

Why Short Term?

Investor sentiment may shift back to positivity if Dell meets guidance.

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