Home > Hardware > Desktop PCS > ARM Profit Misses Forecasts

ARM Profit Misses Forecasts

ARM Profit Misses Forecasts

Cambridge, UK, based chip designer ARM – which is expected to be acquired by Japan’s Softbank – has reported revenue in the three months ended June 30 at US$387.6 million (A$314 million), up nine percent from the same period in 2015.  

Profit soared by around 17 percent to $118 million.

It was the first earnings report since SoftBank last week agreed to buy the company for US$32 billion.

But you can’t please everyone, it seems. Both revenue and profit fell short of a Thomson One Analytics consensus survey of 23 analysts. ARM’s share price held at £16.77. The acquisition is expected to close by October.

You may also like
IFA 2019: Huawei To Unveil New FreeBuds
Intel Under Pressure As Apple & Microsoft Look To Change Chips
Huawei Chips Under Threat By ARM Withdrawal
Apple Pays Qualcomm $6 billion
Intel Axe 5G Phone Modems After Apple-Qualcomm Truce