Reuters: Technology News: Chip designer ARM's Q4 profit beats expectations

Reuters: Technology News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Chip designer ARM's Q4 profit beats expectations Feb 5th 2013, 07:22 LONDON | Tue Feb 5, 2013 2:22am EST LONDON (Reuters) - British chip designer ARM reported a better-than-expected 16 percent rise in pretax profit in the fourth quarter as it rode the wave of soaring sales of smartphones and tablets, nearly all of which contain its technology. The Cambridge-based group, which licenses its processor designs to chipmakers, reported pretax profit of 80 million pounds ($125.9 million) on revenue of 164.2 million pounds, equating to earnings per share of 4.08 pence. ARM said it expected to continue to outperform the wider semi-conducter market in 2013, helped by its presence in fast-growing sectors like tablets, and expected full-year revenue to be at least in line with market expectations. Analysts were expecting the group to report pretax profit of 75.6 million pounds on revenue of 152.2 million pounds.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions