Arm stock surges 7% as Q2 revenue hits $1.14 billion and Q3 outlook tops $1.23 billion forecast
Arm shares jumped 7% in after-hours trading Wednesday after the company reported $1.14 billion in second-quarter revenue and said it expects to hit $1.23 billion in the third quarter. The company also projected 41 cents per share in profit, ahead of the average Wall Street forecast of 35 cents. The stock had closed at $160.19 [...]
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