Arm Holdings softer guidance overshadows better-than-expected Q1 results
Investing.com -- Arm Holdings reported Wednesday softer-than-expected guidance that overshadow better-than-expected quarterly results.
The better-than-expected results were driven by a 39% surge in revenue in Q2 from a year earlier, underpinned by"record license revenue and strong growth in royalty revenue," the company said. Full-year guidance for adjusted EPS of $1.45 and $1.65 on revenue of $3.80B to $4.1B was unchanged. That compared with analyst estimates for adjusted EPS of $1.57 on revenue of $3.99B.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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