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Arm Forecast Meets Estimates After Data Center Push Pays Off
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Arm Forecast Meets Estimates After Data Center Push Pays Off Arm Holdings Plc gave a revenue forecast for the current period that met analysts’ estimates, a sign its push into data center computing is helping offset a slump in the smartphone market. Sales will be about $1.54 billion in the fiscal third quarter, which runs through December, the company said in a statement Wednesday. Analysts estimated $1.53 billion on average, with some projections nearing $1.7 billion, according to data...
Arm Forecast Meets Estimates After Data Center Push Pays Off
Arm Holdings Plc gave a revenue forecast for the current period that met analysts’ estimates, a sign its push into data center computing is helping offset a slump in the smartphone market.
Sales will be about $1.54 billion in the fiscal third quarter, which runs through December, the company said in a statement Wednesday. Analysts estimated $1.53 billion on average, with some projections nearing $1.7 billion, according to data compiled by Bloomberg.