Arm Sees Q4 Adj. EPS $0.28-$0.32 vs $0.21 Est., Revenue $850M-$900M vs $780.31M Est.
Portfolio Pulse from Benzinga Newsdesk
Arm Holdings announced its Q4 adjusted EPS guidance to be between $0.28 and $0.32, surpassing the estimated $0.21. Additionally, the company expects its revenue to be between $850M and $900M, also exceeding the estimated $780.31M.
February 07, 2024 | 9:04 pm
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Arm Holdings projects a significant beat on both adjusted EPS and revenue estimates for Q4, indicating strong financial performance.
The announcement of higher-than-expected adjusted EPS and revenue forecasts for Q4 by Arm Holdings suggests a robust financial performance and operational efficiency. This positive outlook is likely to instill investor confidence and could lead to an uptick in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100