Arm Shares Fall After Company Gives Tepid Annual Forecast [Yahoo! Finance]
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Source: Yahoo! Finance
Most Read from Bloomberg Americans Are Racking Up ‘Phantom Debt' That Wall Street Can't Track Stormy Daniels Will Return to Court in Test of Trump's Demeanor Trump Judge Indefinitely Postpones Documents Case Trial US Pauses Arms Shipment to Israel on Rafah Invasion Concerns For fiscal 2025, which ends next March, revenue will be $3.8 billion to $4.1 billion, the company said Wednesday. Profit will be $1.45 to $1.65 a share. Analysts were predicting a total of $4.01 billion — representing a gain of 26% — and a profit of $1.53 a share. The shares tumbled as much as 10% to $95.25 in late trading after the report was released. Three months ago, an upbeat forecast sent its shares soaring and helped turn the company into an AI darling on Wall Street. The stock was up 41% this year through Wednesday's close. Arm's chip designs and licensed standards already serve as critical technology for most smartphones. Under Chief Executive Officer Rene Haas, the UK-based company is tryin
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AMZN
Earnings
- 4/30/24 - Beat
AMZN
Sec Filings
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- AMZN's page on the SEC website