Arm Shares Fall 12% as Smartphone Royalties Weigh on Results
Arm shares fell around 12% in regular trading after investors focused on weaker-than-expected smartphone-related royalty revenue, despite higher quarterly sales and earnings.
Arm Holdings shares fell on Thursday as investors focused on weaker-than-expected smartphone-related royalty revenue, despite the chip designer reporting higher quarterly sales and earnings.The stock declined around 12% in regular trading, extending its retreat after the company released fiscal sec…