UPDATE: Arm Holdings Reports 21% Surge In Q2 Net Profit

Arm Holdings PLC ARMH reported a 21% rise in its Q2 net profit. ARMH's quarterly net profit rose to 26.6 million pounds ($43.4 million).Its revenue climbed 18% to 117.8 million pounds. ARMH's adjusted earnings per share came in at 2.98 pence, versus analysts' estimates of 2.43 pence. ARMH shares gained 1.41% to $30.26 in pre-market trading.