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Arm Holdings Stock Falls After Q1 Results, Weak Q2 Guidance: Details
Arm Holdings Plc (NASDAQ:ARM) shares are trading lower after the company reported its first-quarter financial results Wednesday. Here's a look at the details from the report.
The Details: Arm reported quarterly earnings of 40 cents per share, which beat the analyst consensus estimate of 34 cents by 17.65%. Quarterly sales clocked in at $939 million, which beat the analyst consensus estimate of $902.691 million by 4.02% with record license revenue and strong growth in royalty revenue.
The company reported license and other revenue of $472 million, up 72% year-over-year, due ...