Arm Holdings earnings beat, Q3 revenue outlook falls short

Arm Holdings (ARM) reported second quarter adjusted earnings of $0.30 per share, topping the Bloomberg consensus estimate of $0.26. Revenue of $844 million topped the expected $810.9 million. For the third quarter, Arm expects adjusted earnings of $0.32 to $0.36 per share, which is in line with the $0.34 estimate. However, the range for its Q3 revenue is $920 million to $970 million. The midpoint of that range is $945 million, which falls short of the $950.9 million that Wall Street was expecting. In the video above, #youtube #news #ARM About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.din.com/company/yahoo-finance