ARM Holdings Reports Upbeat Q4 Profit

ARM Holdings PLC (NASDAQ: ARMH) reported a rise in its fourth-quarter profit.

ARM Holdings' quarterly pretax profit climbed 45% to 69 million pounds ($108 million). Its sales climbed to 137.8 million pounds, from 113.9 million pounds. However, analysts were expecting a pretax profit of 55.8 million pounds on sales of 123.6 million pounds.

ARM Holdings shares gained 4.41% to $29.61 in pre-market trading.