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Tuesday, January 31, 2012

ARM Holdings share price jan 31 2012

ARM Holdings share price jan 31 2012 : Microprocessor technology licensing company ARM Holdings this morning reported better-than-expected results for the fourth quarter.

ARM posted revenue of $217 million, up 21% from a year ago, and well ahead of the Street at $193.4 million. The U.K.-based company posted profits of 3.71 pence per ordinary share, well above the Street consensus at 2.9 pence.

For Q1, ARM sees revenue of $200 million, a bit ahead of the Street at $197.2 million. For all of 2012, the company expects revenue “just over” $860 million,” roughly in line with the Street at $86.8 million.

“In Q4 and throughout 2011 ARM has seen strong licensing growth, driven by market-leading semiconductor companies increasing their commitment to ARM technology, and more new customers choosing ARM technology for the first time,” CEO Warren East said in a statement. “We have also seen our royalty revenue continue to grow faster than industry revenues as the ARM Partnership gains share in our target markets.”

ARMH this morning is up $1.39, or 4.9%, to $29.75. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

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