ARM Holdings Posts Rise In Q3 Profit

ARM Holdings PLC ARMH posted an increase in its third-quarter profit. ARM's quarterly net profit rose to 48.5 million pounds ($78.4 million), versus a year-ago profit of GBP41.3 million. Its profit before tax and exceptional items surged to GBP92.6 million. Its revenue gained 27% to GBP184 million, versus estimates of GBP173.3 million. ARM shares fell 4.69% to $49.35 in pre-market trading.