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Tuesday, 23 October 2012 - Chip designer ARM's Q3 profit up on tech demand |
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The Cambridge-based firm posted pretax profit of 68.1 million pounds ($109.2 million) on revenue 20 percent higher at 144.6 million pounds, resulting in earnings per share of 3.71 pence. The numbers were all slightly ahead of average market expectations. ARM, which reports royalty revenues a quarter in arrears, said indications from its chip making customers pointed to a moderate sequential increase in royalty revenue in the final quarter. It said its order backlog also indicated another strong quarter for licensing, and it expected dollar revenues for the quarter to be in line with market expectations. The company said at its second-quarter results in July that analysts expected full-year revenue of $875 million, after slightly nudging down their forecasts from earlier in the year to reflect the weaker economic climate. They were expecting pretax profit of 67.4 million pounds on revenue of 140 million pounds, resulting in earnings per share of 3.62 pence for the third quarter, according to a company-supplied consensus of 26 brokers. ($1 = 0.6237 British pounds) (Reporting by Paul Sandle; editing by Kate Holton) Tech Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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