India, Nov. 5 -- Arm Holdings plc (ARM) is down 11.36 percent, losing $21.79 to $170.01 on Thursday. The decline follows the company's second-quarter results, which showed net earnings falling to $130 million, or $0.12 per share, from $238 million, or $0.22 per share, a year earlier. However, adjusted earnings reached $566 million, or $0.52 per share. Revenue increased 27.1 percent to $1.443 billion from $1.135 billion.
The stock is currently trading at $170.01, compared with the previous close of $191.80 on the Nasdaq. It opened at $171.93 and recorded a day's range of $163.13 to $175.83. Trading volume stands at approximately 8.30 million shares, above the average volume of 4.87 million shares.
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