Arm Stock Falls. The Chip Designer's Earnings Beat Wasn’t Enough.

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 97%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

The chip designer went public in September.

Arm Holdings shares fell despite earnings that beat analysts’ expectations after the chip designer offered a mixed outlook for its current quarter.

For the September quarter, Arm reported revenue of $806 million, above expectations of $740 million, according to FactSet. The company also posted adjusted earnings-per-share of 36 cents, versus the 26 cents consensus. Guidance wasn’t as strong. Arm gave a revenue forecast for the current quarter, ending in December, of $720 million to $800 million, below the consensus of $776 million at its midpoint.

“We are delighted with Arm’s first quarter as a listed company, which has demonstrated the strength of our business model and the robustness of our diversified products and end markets,” Arm’s management wrote in a letter to investors.Arm went public in September after pricing its initial public offering at $51 a share. The company makes money from licensing its chip architecture and other chip designs to semiconductor companies and hardware makers.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 3. in İD
 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Arm beats sales expectations in first post-IPO earnings report, but guidance falls shortArm reported its first post-IPO earnings on Wednesday that beat Wall Street expectations for sales.
Sumber: NBCNewYork - 🏆 270. / 63 Baca lebih lajut »

Arm beats sales expectations in first post-IPO earnings report, but guidance falls shortArm reported its first post-IPO earnings on Wednesday that beat Wall Street expectations for sales.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »

GameStop Corp. Cl A stock falls Monday, underperforms marketSupported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.
Sumber: MarketWatch - 🏆 3. / 97 Baca lebih lajut »

Bank of America Corp. stock falls Monday, underperforms marketSupported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.
Sumber: MarketWatch - 🏆 3. / 97 Baca lebih lajut »