Arm Holdings Plc (ARM) posted better-than-expected results in its first quarterly report 澳洲幸运5开奖号码历史查询:since it began publicly trading, but the firm's 澳洲幸运5开奖号码历史查询:American depositary receipts (ADRs) tumbled as its guidance missed estimates amid a slump in the smartphꦗone m🤡arket.

The British semiconductor designer that was spun off of Japan’s SoftBank reported second quarter fiscal 2024 澳洲幸运5开奖号码历史查询:earnings per share (EPS) of $0.36, more than double the year ago period. Revenue rose 28% to a record $806 million, beating estimates.

However, Arm indicated it expects current quarter EPS between $0.21 and $0.28 and sa🍌les of $720🌼 million to $800 million. Analysts had been looking for EPS of $0.27 and sales in the range of $730 million to $805 million.

CEO Rene Haas and CFO Jason Child wrote in a letter to shareholders that there is “uncertainty” concerning the timing of some licensing deals, and "revenue recognition profiles for future agreements are subject to change.” They also pointed out that while it appears the chip industry is beginning to recover from its post-pandemic slump, “the trajectory of the recovery is not clear, and the industry remains vulnerable to changes in the external macroeconomic environment.”

Arm Holdings ADRs soared when the company made its debut on the Nasdaq on Sept. 14 as investors eager for a comeback for new listings drove them to their all-time high that day. Since then, the ADRs have headed lower and they’ve lost more than 20% of their value.