Arm Holdings Sees Q1 2024 Revenue $875M-$925M Vs $857M Estimate, Sees Adj. EPS $0.32-$0.36 Vs $0.31 Estimate
Portfolio Pulse from Benzinga Newsdesk
Arm Holdings projects its Q1 2024 revenue to be between $875M and $925M, surpassing the $857M estimate. Additionally, the company forecasts its adjusted EPS to be in the range of $0.32 to $0.36, which is higher than the $0.31 estimate.
May 08, 2024 | 8:11 pm
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Arm Holdings expects higher Q1 2024 revenue and adjusted EPS than analysts' estimates, indicating potential growth.
Arm Holdings' projection of higher revenue and EPS than expected suggests strong future performance, likely leading to positive investor sentiment and a potential increase in stock price in the short term.
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