ARM Holdings Posts Rise In Q3 Profit
ARM Holdings PLC (NASDAQ: ARMH) posted a rise in its Q3 profit.
ARM's quarterly revenue surged 20% to GBP144.6 million, from GBP120.2 million, in the year-ago period. However, analysts were expecting revenue of GBP140 million. However, revenue in dollar terms climbed 18%.
ARM's profit before tax and exceptional items surged 22% to GBP68.1 million, versus analysts' estimates of GBP67.4 million.
ARM shares closed at $28.12 yesterday.
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