Arm Holdings Slumps Despite Q2 Beat: What's Driving Chipmaker's Stock Lower

Quick Summary:

Arm reported fiscal 2025 first-quarter results that bettered consensus estimates but royalty revenue from the sales of chips came in lighter than forecasts.

Shares of Arm Holdings plc (NASDAQ:ARM) fell sharply in premarket trading on Thursday following the British chipmaker’s release of its quarterly results after the market closed on Wednesday.

The company maintained its full-year guidance that surrounded the consensus estimate.

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Author / Journalist: Shanthi Rexaline

Category: Technology

Markets: United States

Topics: Tech Stories That Matter News Expert Ideas Markets Movers Analyst Color Benzinga Analyst Ratings Why it's moving Charles Shi Trading Ideas Reiteration ARM Equities

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-01 @ 12:13:40 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 256 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 21885663

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