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

ARM Holdings plc (NASDAQ: ARMH) reported Q1 profit of $0.32 per ADS, in-line with the analyst estimate of $0.32. Revenue for the quarter came in at $348.2 million versus the consensus estimate of $341.4 million.

Outlook

ARM has made an encouraging start to 2015 with more leading companies choosing to deploy ARM technology in their products. Assuming that the macroeconomic backdrop remains supportive of consumer spending, we expect group dollar revenues for the full-year 2015 to be at least in line with current market expectations.

Relevant industry data for Q1 2015, being the shipment period for ARM’s Q2 royalties, points to a sequential decrease in industry-wide revenues, broadly consistent with normal seasonality. In this context we expect group dollar revenues for the second quarter to be in line with current market expectations.

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

You May Also Be Interested In

• Fox upgraded to overweight as Roku deal, ad strength lift outlook
• Prosensa Holding N.V. (RNA) Reports Q2 Loss of $1.18
• Acurx Pharmaceuticals (ACXP) Tops Q2 EPS by 4c