Arm Stock Falls Despite Strong Earnings as Outlook Matches Analyst Estimates

Arm Holdings (ARM) reported fiscal third-quarter results that topped Wall Street estimates and raised the midpoint of its narrowed sales outlook. However, shares fell in extended trading Wednesday as investors may have been looking for stronger results. The chip designer and Nvidia (NVDA) partner's third-quarter revenue rose 19% year-over-year to a record $983 million, above the analyst consensus compiled by Visible Alpha. Earnings came in at$252 million, or 24 cents per share, compared to $87 million, or ...