(Boursier.com) — Arm Holdings, the British chip designer controlled by the Japanese group SoftBank and listed on Wall Street in September at a price of $51 per share, will return to its starting point this Thursday. The stock is expected to fall 5% below $52. Arm provided contrasting results last night and guidance lower than market expectations, for its first post-IPO publication. For the second quarter ended in September, the net loss was $509 million, including stock compensation expenses. Revenue rose 28% to $806 million, compared to a consensus of $744 million. Adjusted earnings were also above expectations at 36 cents per share. The group envisages a revenue range of around $3.02 billion for the 2024 financial year, which would slightly exceed expectations, but guidance for the third quarter alone is mixed, with a mid-range of $760 million, compared to 768 million consensus. Given the high valuation of the file on the stock market, nothing more was needed to reduce the value.
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