ARM Holdings plc (ADR) (ARMH) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $0.09 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.08. The company posted revenue of $267.60 million in the period, compared to analysts expectations of $278.79 million. The company’s revenue was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS.
Many Wall Street Analysts have commented on ARM Holdings plc (ADR). ARM Holdings plc (ADR) was Downgraded by Berenberg to ” Hold” on Jul 26, 2016. ARM Holdings plc (ADR) was Upgraded by Bernstein to ” Mkt Perform” on Jul 21, 2016. ARM Holdings plc (ADR) was Downgraded by Pacific Crest to ” Sector Weight” on Jul 19, 2016.
ARM Holdings plc (ADR) closed down -0.28 points or -0.42% at $65.92 with 13,48,337 shares getting traded on Thursday. Post opening the session at $65.83, the shares hit an intraday low of $65.75 and an intraday high of $66.04 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
ARM Holdings plc (ARM) is a United Kingdom-based company engaged in designing of microprocessors physical intellectual property (IP) and related technology and software and sale of development tools. The Company’s offers products such as 16/32/64-bit RISC microprocessors data engines graphics processors digital libraries embedded memories peripherals software and development tools as well as analog functions and high-speed connectivity products. The Company’s product offering includes microprocessor Cores physical IP development tools and support and maintenance services. ARM licenses and sells its technology and products to international electronics companies which in turn manufacture market and sell microprocessors application-specific integrated circuits (ASICs) application-specific standard processors (ASSPs) and microcontrollers (MCUs) based on ARM’s technology to systems companies for incorporation into a variety of end products.