shares of marvell technology inc mrvl were falling 7 in afterhours trading thursday after the chip company fell short of expectations with its latest results and outlook marvell posted fiscal thirdquarter net income of 133 million or 2 cents a share whereas it lost 626 million or 8 cents a share in the yearearlier period on an adjusted basis marvell earned 57 cents a share while analysts tracked by factset were anticipating 59 cents a share revenue rose to 1537 billion from 1211 billion whereas the factset consensus was for 1554 billion inventory reductions in particular at our storage customers are impacting our nearterm results and guidance and we are working closely with them to manage their change in demand in an orderly fashion to clear the path to a resumption of growth chief executive matt murphy said in a release for the fiscal fourth quarter marvell executives anticipate 14 billion in net revenue at the midpoint as well as adjusted earnings per share of 41 cents to 51 cents the factset consensus was for 16 billion in revenue and 62 cents in adjusted eps