Trending: Arm Holdings 4Q Revenue Jumps 47%, But Shipments Drop 10%
13:55 ET -- Arm Holdings is one of the most mentioned companies in the U.S. across all news items in the past 12 hours, according to Factiva data. The semiconductor and software design company on Wednesday posted a fiscal fourth-quarter net profit of $224 million, or 21 cents a share, with revenue jumping 47%, to $928 million. Analysts polled by FactSet had forecast sales of $865.9 million. Arm Holdings said chips reported as shipped declined to 7 billion. For the first quarter, revenue is expected to be $875 million to $925 million, exceeding analysts expectations of $866.4 million. It expects fiscal-year revenue of $3.8 billion to $4.1 billion, in line with analysts views. Shares are recently down 2%. Dow Jones & Co. owns Factiva. (zaeem.shoaib@wsj.com)
(END) Dow Jones Newswires
May 09, 2024 14:11 ET (18:11 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
Markets Brief: Tech Stocks Lead Ahead of Nvidia Earnings
-
How Anti-Obesity Drugs Are Innovating the Healthcare Market
-
What’s Happening In the Markets This Week
-
Why Immigration Has Boosted Job Gains and the Economy
-
What to Invest in During High Inflation
-
Never Mind Market Efficiency: Are the Markets Sensible?
-
Starbucks Stock Could Use a Pick-Me-Up After Big Selloff; Is it a Buy?
-
5 Cheap Stocks to Buy From an Attractive Part of the Market
-
After Earnings, Is Lyft Stock a Buy, a Sell, or Fairly Valued?
-
8 Stock Picks in the Apparel Industry
-
Baidu Earnings: Advertising Weakness Offset by Continued Growth In Cloud Business
-
Going Into Earnings, Is Target Stock a Buy, a Sell, or Fairly Valued?
-
Walmart Earnings: Low Prices and Strong Digital Presence Drive Market Share Gains
-
After Earnings and a Big Selloff, Is Shopify Stock a Buy, a Sell, or Fairly Valued?
-
Cisco Earnings: Positive Guidance and Splunk Inclusion Align With Our Long-Term Thesis
-
3 Warren Buffett Stocks to Buy After Berkshire Hathaway’s Just-Released 13F Filing