• Arm Holdings PLC ARM.OQ reported quarterly adjusted earnings of 55 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 36 cents. The mean expectation of twenty three analysts for the quarter was for earnings of 52 cents per share. Wall Street expected results to range from 52 cents to 54 cents per share.

• Revenue rose 33.7% to $1.24 billion from a year ago; analysts expected $1.23 billion.

• Arm Holdings PLC's reported EPS for the quarter was 20 cents​.

• The company reported quarterly net income of $210 million.

• Arm Holdings PLC shares had risen by 14.7% this quarter and lost 0.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.4% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 21 "strong buy" or "buy," 14 "hold" and 3 "sell" or "strong sell." The average consensus recommendation for the semiconductors peer group is also "buy"

• Wall Street's median 12-month price target for Arm Holdings PLC is $150.00

This summary was machine generated from LSEG data May 8 at 12:00 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)