British microchip designer Arm Holdings PLC (NASDAQ:ARM) failed to impress with its fourth-quarter results.
The US-listed technology giant posted record revenues of $928 million for the quarter, up 47% year on year, with full-year revenues increasing 21% to $3.23 billion.
Earnings per share (EPS) came to $0.36 for the quarter and $1.27 for the year.
These results topped previously set guidance, but investors may have been underwhelmed by forward guidance.
Arm expects EPS to stay flat in the current quarter, with a full-year forecast set between $1.45 and $1.65.
Nasdaq-listed Arm shares slipped 9% in after-hours US trades.