Arm reports first post-IPO earnings and the stock is down 7%
Publishing timestamp: 2023-11-09 03:18:29
Summary
Arm, a semiconductor technology company, reported its first earnings since its IPO. The earnings beat expectations and showed growth in the licensing business, but the revenue guidance fell short, leading to a decline in Arm shares. The company attributed the growth in licensing sales to long-term agreements with technology companies.
Sentiment: MIXED
Tickers: NVDA, META, GOOG, ARM, GOOGL,
Keywords: breaking news: technology, nvidia corp, apple inc, earnings, business, mobile, arm holdings plc, alphabet class c, breaking news: earnings, business news, alphabet inc, technology, meta platforms inc,
Source: https://www.cnbc.com/2023/11/08/arm-earnings-report-q2-2024.html