(Reuters) – Marvell Expertise Group Ltd forecast third-quarter income beneath Wall Road estimates on Thursday, as a ban on promoting parts to Chinese language telecommunications big Huawei Applied sciences Co Ltd [HWT.UL], harm the U.S. chipmaker.

Shares of the corporate fell 6.2% to $22.71 in after-hours buying and selling.

“We stay in a really difficult macroeconomic atmosphere, which has definitely worsened just lately and has impacted our steerage for the third quarter,” Chief Govt Officer Matthew Murphy mentioned on a convention name with analysts.

“There’s clearly a pause and the slowdown occurring is pushed by loads of results.”


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