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Arm Watch posted a new activity comment

Update

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Arm shares were trading at US$320.39 on Nasdaq at 10:37 a.m. ET on 24 September, down 3.66% from the previous close, according to AD HOC NEWS. The move puts the latest market wobble alongside a share price still 29.2% below the reported 52-week high of US$452.70.

The same account, citing MarketBeat, says Arm’s latest quarterly revenue reached US$1.29bn, ahead of the US$1.26bn consensus estimate. Reported earnings per share came in at US$0.45, beating the US$0.40 expectation, while revenue grew 22.4% year on year from the comparable period.

That makes the day’s decline more interesting than a simple bad-news signal. Arm is still showing operating growth, but investors are weighing those numbers against a market capitalisation of about US$342.2bn and the company’s ambitions in smartphone, edge and data-centre compute.

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