Arm Sees FY24 Adj. EPS $1.20-$1.24 vs $1.07 Est., Revenue $3.155B-$3.205B vs $3.05B Est.
Portfolio Pulse from Benzinga Newsdesk
Arm Holdings forecasts an adjusted EPS of $1.20-$1.24 for FY24, surpassing the estimated $1.07. The company also projects revenue to be between $3.155B-$3.205B, exceeding the $3.05B estimate.
February 07, 2024 | 9:06 pm
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Arm Holdings projects higher-than-expected earnings and revenue for FY24, indicating strong financial health and growth prospects.
Arm Holdings' projection of higher-than-expected earnings and revenue for FY24 suggests the company is outperforming analyst expectations, which is likely to positively influence investor sentiment and potentially lead to an increase in stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100