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Arm Shares Tumble 12%: Tepid Profit Outlook and In-House Chip Development Plans Stir Market Turmoil
2 week ago /
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Author：小编
Chip designer Arm Holdings experienced a dramatic 12% drop in its share price on Thursday, following disappointing earnings guidance. On Wednesday, Arm revealed that it anticipated adjusted earnings per share to range between 29 cents and 37 cents for the second quarter, falling short of Wall Street's expectations of 35 cents per share. Although its revenue guidance of $1.01 billion to $1.11 billion was in line with the consensus estimate of $1.05 billion, remarks by Arm CEO Rene Haas that the company was contemplating designing its own processors further agitated market anxieties.
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