Stocks reacting strangely | Q1 performance guidance disappointing, Arm Holdings (ARM.US) plummeted rapidly, dropping nearly 8% at one point.

Wisdom Financial APP learned that on Thursday, Arm Holdings (ARM.US) opened sharply lower, falling nearly 8% at one point, and is now trading at $116.25. On the news front, the company stated in a release that it expects first quarter revenue to be between $1 billion and $1.1 billion, with analysts' expectations at the high end of that range. After excluding certain items, earnings per share are expected to be between 30 and 38 cents, lower than analysts' expectations of 42 cents. The company attributed the conservative forecast to the timing of reaching new agreements with customers.