Reported 2 months ago
Arm Holdings Plc saw its shares fall over 10% in premarket trading after the company decided to keep its annual sales forecast unchanged, indicating potential concerns about future growth. Despite exceeding quarterly revenue expectations with a 39% increase to $939 million, weak demand in certain markets overshadowed this performance. CEO Rene Haas noted that the strength in data centers and high-end smartphone applications was not enough to counterbalance weaker markets affecting the company’s technology sales.
Source: YAHOO