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.

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Category: EconomyBusiness

Markets: Singapore

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

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 05:06:39 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 538 words

Reading Time: 3 minutes read

Sentences: 36 lines

Sentence Length: 15 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23452683

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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