Arm Holdings' revenue and EPS exceeded expectations, dropping over 5% in after-hours trading | Earnings report insights

Wallstreetcn
2024.11.06 22:17
portai
I'm PortAI, I can summarize articles.

Arm Holdings' adjusted earnings per share (EPS) for the third quarter are expected to be between $0.32 and $0.36, higher than analysts' expectations of $0.34. The full-year EPS forecast remains at $1.45 to $1.65, with analysts expecting $1.56. Operating expenses for the third quarter are expected to be around $525 million, slightly lower than analysts' expectations of $527.4 million. Revenue is expected to be between $920 million and $970 million, with analysts expecting $950.9 million. Despite the better-than-expected performance, the stock price fell more than 5% in after-hours trading