Arm Q2 beats estimates, guides Q3 revenue to $1.49B-$1.59B vs $1.53B consensus

Cointime reports: Arm Holdings reported second-quarter adjusted earnings per share of 52 cents, beating the 47-cent estimate, with adjusted net income of $566 million versus $514.2 million expected and adjusted operating profit of $638 million against a $575.7 million estimate. The chip designer guided third-quarter revenue to a range of $1.49 billion to $1.59 billion, compared with a market estimate of $1.53 billion.