Stocks to Watch: Marvell Technology, Sleep Number, Miller Industries

Dow Jones
9 hours ago
 

By Connor Hart

 

Marvell Technology reported a jump in fourth-quarter revenue, though its first-quarter revenue outlook disappointed investors. The chipmaker swung to a profit in the recent quarter and revenue rose 20%, to $1.82 billion. For the current quarter, Marvell forecast adjusted earnings of 61 cents a share on sales of $1.88 billion, compared with analyst views for adjusted earnings of 60 cents a share on sales of $1.87 billion. Shares tumble 14%, to $77.80, in after-hours trading.

Sleep Number logged lower fourth-quarter revenue, as mattress-sales volumes fell to their lowest level in nearly a decade in 2024. The company narrowed its loss to $4.7 million from $25.2 million a year earlier, while revenue fell to $376.8 million, and missed estimates. Sleep Number said it would issue its 2025 outlook at a later date as it tapped former Blue Apron CEO Linda Findley as its next president and chief executive, effective April 7. Shares fall 7.7%, to $11.70, in post-market trading.

Miller Industries posted lower profit and revenue in the fourth quarter. The company, which manufactures towing and recovery equipment, posted a profit of $10.5 million, down from $16.7 million. Revenue fell to $221.9 million. Chief Executive William Miller II said that significant macroeconomic uncertainties would weigh on the company's results in 2025. Shares tumble 13%, to $48, in after-hours trading.

 

Write to Connor Hart at connor.hart@wsj.com

 

(END) Dow Jones Newswires

March 05, 2025 18:49 ET (23:49 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10