BUZZ-Arm's US-listed shares fall after chip designer narrows annual revenue forecast

Reuters
02-06
BUZZ-Arm's US-listed shares fall after chip designer narrows annual revenue forecast

** Chip designer Arm Holdings' U.S.-listed shares ARM.O down 4.2% to $166 after market

** Company narrows FY2025 revenue forecast to $3.94 billion-$4.04 billion from prior forecast of $3.80 billion-$4.10 billion, vs est $3.95 billion - LSEG

** Arm forecasts Q4 revenue between $1.18 billion and $1.28 billion, with midpoint of $1.23 billion, vs est $1.22 billion

** Company reports Q3 revenue of $983 million, up 19%; adj EPS of 39 cents

** 23 of 38 brokerages rate the stock "buy" or higher, 12 "hold" and 3 "sell" or lower; median PT $160

** Company's U.S.-listed shares rose more than 64% in 2024

(Reporting by Juby Babu in Mexico City)

((Juby.Babu@thomsonreuters.com))

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