Arm reports first post-IPO earnings and the stock is down 7%

on Wednesday that beat Wall Street expectations for sales and showed that the company's lucrative licensing business doubled in size over the past year.

Arm reported a net loss of $110 million, or $0.11 cents per share. The company said that the loss was due to over $500 million in one-time share-based compensation triggered by the recent IPO, and that share-based compensation would land between $150 million and $250 million in future quarters.Arm's intellectual property is in nearly every smartphone, many PCs, and other miscellaneous chips. Arm says that over 7.1 billion Arm-based chips were shipped during the quarter.

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