ARM gives mixed Q1 report
Shares fell 5% Wed. after ARM Holdings (ARMH) reported Q1 revenue of $305.2 mil, up 16% from a year earlier but missing views. The designer of low-power chips used in smartphones, tablets and other devices earned 28 cents a share, up 17% over Q1 '13, beating estimates by a penny. The EPS performance was the company's weakest in 6 quarters.