ARM Holdings Q3 Revenue Misses, Sending Stock Falling

By | October 21, 2014

Scalper1 News

ARM Holdings early Tuesday reported Q3 sales that missed expectations, though the company noted a boost in demand for its chips that go into mobile phones and the Internet of Things. ARM Holdings (ARMH) stock was down 5.5% in afternoon trading in the stock market today, near 39. The Cambridge, England-based chip designer said that Q3 revenue rose 12% year-over-year to $320 million, with earnings per share of 29 cents, up 16%. Analysts polled by Scalper1 News

Scalper1 News