Arm shares drop as revenue forecast falls short despite AI boom https://t.co/xhdwnKTXCL
Arm Holdings $ARM is now down more than 7% in after hours trading following its earnings https://t.co/Wa6UiFZOve https://t.co/0z9JSQgr8w
When you beat on earnings, beat on current Q…but only hit the midpoint of FY forecasts… That’s what a 90x forward P/E does for ya… #arm #earnings $arm https://t.co/VQLB5rso03
Arm Holdings reported a significant financial performance with a double beat in its quarterly earnings, surpassing expectations with an EPS of $0.36 against estimates of $0.30 and revenue of $928M, exceeding forecasts of $875.59M. Despite these strong results and a positive guidance for the next quarter, Arm's stock fell over 7% in after-hours trading. The company's annual revenue forecast did not meet Wall Street's expectations, which has led to a decline in its share price. The company also sees strong tailwinds for 2025 and is trading at a 90x forward P/E.
