Arm CEO Rene Haas cheers as Arm holds an initial public offering at the Nasdaq MarketSite in New York on Sept. 14, 2023.
Brendan Mcdermid | Reuters
Semiconductor technology company Arm reported its first post-initial public offering earnings on Wednesday that beat Wall Street expectations for sales and showed that the company’s lucrative licensing business doubled in size over the past year.
Arm shares fell over 7% in extended trading after the company’s revenue guidance was short of expectations.
Here’s how the semiconductor licensing company did versus consensus expectations by LSEG, formerly known as Refinitiv, for Arm’s second fiscal quarter ending Sept. 30:
- Earnings per share: 36 cents,…