Chipmaker Arm Holdings Reports Earnings For The First Time Since IPO
Portfolio Pulse from Erica Kollmann
Arm Holdings Plc (NASDAQ:ARM) reported its Q2 earnings for the first time since its IPO in September. The company reported earnings of 36 cents per share, up from 17 cents YoY, beating the street consensus of 26 cents. It also reported revenue of $806 million, up from $630 million YoY, surpassing the consensus of $745 million. However, shares are trading lower after the announcement, down over 7.52% at $52.31.
November 08, 2023 | 10:19 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Despite reporting better than expected Q2 earnings and revenue, Arm Holdings' shares are trading lower.
Arm Holdings reported better than expected Q2 earnings and revenue, which would typically lead to a positive reaction in the stock market. However, the company's shares are trading lower, indicating that other factors may be influencing investor sentiment. This could be due to the company's future guidance or other market conditions not mentioned in the article.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100