Arm Stock Rallies After Revenue Rises, Company Swings to Profit
Arm plc(ARM) Investopedia·2024-11-08 06:20
Key TakeawaysShares of Arm Holdings rallied Thursday, reversing losses in late-Wednesday trading after the company's results landed.The chip designer beat expectations with its revenue and earnings, but its full-year sales outlook underwhelmed.Analysts at Barclays raised their price target, calling for double-digit growth next year. Arm Holdings (ARM) shares climbed Thursday, reversing course after the stock initially dipped following the company’s fiscal second-quarter earnings results. The chip designer ...