ARM, Apple, Cisco: Premarket Movers
NEW YORK (TheStreet) -- ARM Holdings(ARMH) was one of tech's big losers in premarket trading on Wednesday as the chipmaker's stock fell more than 1%.
The Apple(AAPL) partner's stock has been under pressure since it posted strong but less-than-perfect first-quarter results on April 24, subsequently tumbling more than 16%. Shares of ARM slipped 1.58% to $23.01 in premarket trading. The British chip giant was also one of the most active Nasdaq stocks before market open on share volume of 562,979.
Apple was another active stock on Nasdaq, dipping 0.93% to $562.88 on share volume of 101,903.
Analysts surveyed by Thomson Reuters expect the networking giant to report revenue of $11.57 billion and earnings of 47 cents a share, up from $10.9 billion and 42 cents a share in the prior year's quarter.