ARM's First-Quarter Profit Rises 7.6% to GBP91.5 Million
April 20 2016 - 3:01AM
Dow Jones News
By Stu Woo
LONDON--ARM Holdings PLC (ARMH) said Wednesday its profit rose
7.6% to GBP91.5 million ($132 million) in the first quarter, though
per-share income missed analysts' expectations amid higher research
spending.
Revenue at the U.K. technology company, which designs the
architecture of the chips used in most of the world's smartphones,
rose to GBP276.4 million in the first quarter, up from GBP227.5
million a year earlier.
But earnings per share, at 6.5 pence, missed analysts' estimate
of 8.07 pence, according to Thomson One Analytics.
ARM Chief Executive Simon Segars said the company increased
investment in research and development to develop new chip
technologies.
Write to Stu Woo at stu.woo@wsj.com
(END) Dow Jones Newswires
April 20, 2016 02:46 ET (06:46 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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