On Air Now

Current Show

The Rush Limbaugh Show   11:00 AM - 2:00 PM

Call The Rush Limbaugh Show at 1-800-282-2882.

Show Info »

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 550 AM Wausau, WI 99.9 FM Stevens Point, WI

Weather

Current Conditions(Wausau,WI 54403)

More Weather »
42° Feels Like: 37°
Wind: E 8 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Mostly Sunny 46°

Tonight

Mostly Clear 30°

Tomorrow

Few Showers/Wind 60°

Alerts

Chip designer ARM's Q4 profit beats expectations

LONDON (Reuters) - British chip designer ARM reported a better-than-expected 16 percent rise in pretax profit in the fourth quarter as it rode the wave of soaring sales of smartphones and tablets, nearly all of which contain its technology.

The Cambridge-based group, which licenses its processor designs to chipmakers, reported pretax profit of 80 million pounds ($125.9 million) on revenue of 164.2 million pounds, equating to earnings per share of 4.08 pence.

ARM said it expected to continue to outperform the wider semi-conducter market in 2013, helped by its presence in fast-growing sectors like tablets, and expected full-year revenue to be at least in line with market expectations.

Analysts were expecting the group to report pretax profit of 75.6 million pounds on revenue of 152.2 million pounds.

(Reporting by Paul Sandle; Editing by David Goodman)

Comments