Arm Holdings shares fall as licensing sales miss estimates
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Shares of Arm Holdings fell on Wednesday as its licensing revenues slightly missed Wall Street estimates, despite a push by the company to boost the segment with new chip technology offerings. Shares were down 6% in after-hours trading after Arm reported results. It also forecast fourth-quarter revenue above Wall Street estimates on Wednesday, driven by demand for its energy-efficient chip designs used in artificial intelligence applications from data centers to smartphones.
📄 Summary
Shares of Arm Holdings fell on Wednesday as its licensing revenues slightly missed Wall Street estimates, despite a push by the company to boost the segment with new chip technology offerings. Shares were down 6% in after-hours trading after Arm reported results. It also forecast fourth-quarter revenue above Wall Street estimates on Wednesday, driven by demand for its energy-efficient chip designs used in artificial intelligence applications from data centers to smartphones.