Arm Holdings (ARM) delivered an earnings beat on the top and bottom lines and provided guidance in line with expectations. Third quarter adjusted earnings per share (EPS) were $0.39, compared to $0.34 projected, while revenue was $983 million, higher than the $946.8 million expected.
Despite seemingly solid results, the chip designer’s shares fell Wednesday afternoon. Julie Hyman and Josh Lipton break down what investors need to know about the breaking earnings report and declining stock.
#Arm #stocks #youtube
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