Arm Tumbles After Weak Forecast, Spurring Slowdown Fears
The headquarters of Arm Holdings in Cambridge, UK.
Photographer: Jose Sarmento Matos/BloombergThis article is for subscribers only.
Arm Holdings Plc declined in Thursday trading after giving a disappointing sales forecast for the current quarter, stoking concerns about a tariff-fueled slowdown for the chip industry.
Revenue will be $1 billion to $1.1 billion in the fiscal first quarter, Arm said in a statement Wednesday. Wall Street had estimated a number at the highest end of that range. Profit will be 30 to 38 cents a share, minus certain items, also lower than analysts’ projections.