Arm Holdings (ARM) shares climbed Thursday, reversing course after the 澳洲幸运5官方开奖结果体彩网:stock initially dipped following the company’s fiscal second-quarter earnings results. 

🌼The chip designer posted revenue and net income that beat ex🐬pectations, but its sales outlook disappointed, initially sending shares more than 4% lower.

Re🌠venue rose 5% year-over-year to $844 million, while net income swung to a profit of $107 million, or 10 cents per share, from a loss of $110 million, or 11 cents per share.

However, the midpoint of the company's full-year revenue forecast of $3.8 billion to $4.1 billion, unchanged from the quarter prior, was lower than analysts projected.

Analysts at Barclays raised their price target to $145 from $125, saying they expect double-digit growth in 2025 as clients grow and prices increase for customers who have moved to Arm's 澳洲幸运5官方开奖结果体彩网:v9 central processing unit designs.a

The stock finished up about 4%. Shares of Arm have more than doubled in 2024.