BUZZ-ARM down after forecasting quarterly revenue below estimates

Reuters
08 May
BUZZ-ARM down after forecasting quarterly revenue below estimates

** U.S. listed shares of Arm Holdings ARM.O down 8.3% to $114 after the bell

** ARM forecasts Q1 sales and profit below Wall Street estimates

** Sees Q1 revenue of $1 billion to $1.10 billion, with a midpoint below analysts' average estimate of $1.10 billion, according to data compiled by LSEG

** Expects Q1 adj. profit of 30 to 38 cents per share vs estimates of 42 cents per share

** ARM posts sales of $1.24 billion in Q4, slightly above estimates; adj. profit of 55 cents per share beat estimates of a profit of 52 cents per share

** ARM down 0.7% YTD

(Reporting by Juby Babu in Mexico City)

((Juby.Babu@thomsonreuters.com;))

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