Arm second-quarter revenue and profit top expectations, shares slide

Quick Summary:

SAN FRANCISCO : Chip designer Arm Holdings topped revenue and profit expectations for the second quarter on Wednesday, in part because customers are using a more profitable version of its next-generation technology.

Arm shares fell roughly 4 per cent in extended trading on Wednesday.

Arm's second-quarter revenue rose 5 per cent to $844 million, compared with analyst estimates of $808.4 million.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Expected Fiscal Quarter Revenue Million Technology Company Cents Earnings Share Chip

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 05:06:39 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 538 words

Reading Time: 3 minutes read

Sentences: 35 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 23452683

View Article Analysis

About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 60 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

Publisher Details

Frequently Asked Questions