What's Going On With Arm Holdings Stock Wednesday?
Portfolio Pulse from Adam Eckert
Arm Holdings Plc (NASDAQ:ARM) shares are trading lower following weak guidance from ASML Holding N.V. (NASDAQ:ASML), despite ASML beating analyst estimates for Q2. Arm is set to report its fiscal Q1 results on July 31, with expectations of 34 cents per share in earnings and $903.573 million in revenue.
July 17, 2024 | 1:25 pm
News sentiment analysis
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NEGATIVE IMPACT
Arm Holdings shares are trading lower due to weak guidance from ASML, despite ASML beating Q2 estimates. Arm is expected to report its fiscal Q1 results on July 31.
Arm Holdings' stock is impacted by the broader semiconductor sector's reaction to ASML's weak guidance. Investors are cautious ahead of Arm's Q1 earnings report.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
ASML reported Q2 sales and earnings that beat analyst estimates but issued weak guidance for Q3, causing a negative reaction in semiconductor stocks.
Despite strong Q2 results, ASML's weak Q3 guidance has led to a negative sentiment in the semiconductor sector, affecting stocks like Arm Holdings.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100