Earnings

Arm earnings report Q3 2024

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Arm makes the CPU architecture for chips found in nearly all smartphones. An Arm chip is shown here in San Jose, California, on October 12, 2023.

Sydney Boyo

Arm reported fiscal third-quarter earnings Wednesday that beat estimates and gave a strong profit forecast for the current quarter. The shares soared as much as 41% in extended trading.

Here’s how the company did for the quarter ending December versus consensus estimates from LSEG, formerly known as Refinitiv:

  • Earnings per share: 29 cents adjusted vs. 25 cents expected
  • Revenue: $824 million vs. $761 million expected

Arm, whose chip design technology is in nearly every smartphone and many PCs, said it expects earnings per share for the…



Source cnbc.com

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