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Market Updates

Arm Holdings PLC increased 2.2% to $147.53 after the fabless chip maker reported better-than-expected quarterly results. 

Revenue in the fiscal second quarter ending in September increased 5% to $844 million from $806 million; net income swung to a profit of $107 million from a loss of $110 million, and diluted earnings per share were 10 cents compared to a loss of 11 cents a year ago. 

The chipmaker estimated fiscal third quarter revenue to fall between $920 million and $970 million, and non-GAPP fully diluted earnings per share between 32 cents and 36 cents; and for the fiscal year 2025 revenue to range between $3.8 billion and $4.1 billion, and non-GAAP diluted earnings per share to range between $1.45 and $1.65.

 


07 Nov, 2024

     

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