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.
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