posted first-quarter revenue growth of 22%, but Wall Street was looking for more.
Shares of Marvell slipped in after-hours trading following the company's announcement that revenue rose to $635.1 million for the quarter ended April 28, below the Thomson Financial consensus estimate of $645.4 million.
Marvell did not report earnings data because of an ongoing probe into its stock options dating policies.
"The growth in our Q1 revenues was limited due to an overall weaker demand environment across some of our markets" said Dr. Sehat Sutardja, Marvell's president and CEO, in a statement.
Some analysts had anticipated that sales could be weaker if electronics manufacturers switch to using solid state memory devices instead of the hard drives that are Marvell's specialty.
, for one, has already begun shipping new iPod portable music players with solid state memory devices.
Shares fell 24 cents, or 1.4%, to $16.76 in recent extended trading.