ARM Holdings PLC (NASDAQ:ARMH): Although its quarterly earnings per share grew 38 percent to 5.11 pence, ARM shares are selling off to the tune of 4.7 percent, although revenue saw gains of 27 percent to 184 million pounds. The company sipped 2.5 billion ARM-based chips during the period, up 14 percent, while it brought in a record 48 licenses with 24 companies, 11 of which are new customers. Licensing revenue rose 54 percent to 68 million pounds; ARM royalties grew 16 percent to 78.7 million.
Broadcom Corp. (NASDAQ:BCRM): Shares are sinking over 6 percent in after-hours trading as Broadcom reports EPS of 76 cents, beating by 7 cents, and revenue of $2.15 billion, also beating, by $0.02 billion. Investors are likely reacting to the lighter-than-expected guidance provided, which sees revenue of $1.975 billion for the fourth quarter, below a consensus of $2.13 billion. The company said it will also be cutting up to 1,150 jobs.
Advanced Micro Devices (NYSE:AMD): AMD is saying that a new design for processing data that the company has developed will generate much better performance for a whole new generation of electronic devices, and that the Heterogenous Systems Architecture will result in faster and more power-efficient personal computers, tablets, smartphones and cloud servers, VentureBeat reports. HSA essentially takes three different functions — usually handled by different chips — and puts them inside the same system-on-chip, simplifying how the processors interact.