Arm Holdings PLC reports results for the quarter ended June 30 - Earnings Summary

• Arm Holdings PLC ARM reported quarterly adjusted earnings of 35 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 40 cents. The mean expectation of twenty six analysts for the quarter was for earnings of 35 cents per share. Wall Street expected results to range from 32 cents to 41 cents per share.

• Revenue rose 12.1% to $1.05 billion from a year ago; analysts expected $1.06 billion.

• Arm Holdings PLC's reported EPS for the quarter was 12 cents​.

• The company reported quarterly net income of $130 million.

• Arm Holdings PLC shares had risen by 1.1% this quarter and gained 32.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 16% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 21 "strong buy" or "buy," 14 "hold" and 3 "sell" or "strong sell." The average consensus recommendation for the semiconductors peer group is also "buy"

• Wall Street's median 12-month price target for Arm Holdings PLC is $150.00, about 8.9% below its last closing price of $163.33

This summary was machine generated from LSEG data July 31 at 12:01 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)