US stocks fluctuate | Arm Holdings (ARM.US) fell more than 11% as second-quarter profit guidance is lower than expected.

According to the Wisdom Financial APP, on Thursday, Arm Holdings (ARM.US) fell more than 11%, closing at $144.55. On the news front, the company announced lower-than-expected second-quarter profit guidance due to increased investment in new product development. The first-quarter performance report showed that revenue for the first quarter ending in June increased by 12% to $1.05 billion, with earnings per share of 35 cents, both meeting analyst expectations. Looking ahead, Q2 revenue is expected to be between $1.01 billion and $1.11 billion, with analysts expecting $1.06 billion; earnings per share, excluding certain items, are expected to be between 29 and 37 cents, while the analyst average estimate is 35 cents.