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ARM Holdings plc (ARMH) Reports In-Line Q1 EPS

April 23, 2014 6:49 AM EDT
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Price: $67.77 --0%

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ARM Holdings plc (NASDAQ: ARMH) reported Q1 EPS of 5.60p, in-line with the analyst estimate of 5.60p. Revenue for the quarter came in at GBP186.7 million versus the consensus estimate of GBP187.6 million.

Outlook

ARM has made an encouraging start to 2014 with continued strong licensing performance. ARM's pipeline of licensing opportunities remains healthy for Q2 and the rest of the year.

The semiconductor industry normally declines sequentially in the first quarter of the year. Market commentators generally regard the decline this year to have been similar to prior years, which will provide the context for ARM's Q2 royalty revenues. Recent indications from the semiconductor industry and ARM's customers suggest that ARM will benefit from an improving environment in the second half.

Assuming the outlook for the semiconductor industry in the second half of the year improves, as generally anticipated, we expect Group dollar revenues for the full year 2014 to be in line with market expectations.

For earnings history and earnings-related data on ARM Holdings plc (ARMH) click here.



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